Castleark Management LLC Acquires New Holdings in SentinelOne, Inc. (NYSE:S)

Castleark Management LLC acquired a new position in SentinelOne, Inc. (NYSE:S - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 296,900 shares of the company's stock, valued at approximately $6,591,000. Castleark Management LLC owned approximately 0.09% of SentinelOne at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP grew its stake in shares of SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock valued at $106,447,000 after buying an additional 4,206,900 shares during the period. Norges Bank bought a new stake in shares of SentinelOne during the fourth quarter valued at approximately $73,528,000. Point72 Asset Management L.P. acquired a new position in shares of SentinelOne during the fourth quarter worth approximately $63,120,000. Federated Hermes Inc. raised its position in shares of SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock worth $57,787,000 after purchasing an additional 2,047,430 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of SentinelOne in the 4th quarter worth $26,082,000. 90.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Susquehanna decreased their price target on shares of SentinelOne from $30.00 to $25.00 and set a "positive" rating for the company in a research note on Thursday, March 13th. Barclays lowered their target price on shares of SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, March 11th. Robert W. Baird decreased their target price on SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Morgan Stanley cut their price target on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Canaccord Genuity Group reduced their price target on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne currently has an average rating of "Moderate Buy" and an average price target of $26.10.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 39,477 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $771,775.35. Following the completion of the sale, the chief executive officer now directly owns 900,249 shares in the company, valued at $17,599,867.95. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 3,187 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total value of $59,086.98. Following the transaction, the insider now owns 1,058,025 shares of the company's stock, valued at approximately $19,615,783.50. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 432,498 shares of company stock valued at $8,136,199. 4.33% of the stock is owned by company insiders.

SentinelOne Stock Down 0.2%

Shares of NYSE:S traded down $0.04 during trading on Monday, hitting $19.75. 2,304,569 shares of the stock traded hands, compared to its average volume of 5,037,847. The company has a fifty day moving average price of $18.58 and a two-hundred day moving average price of $21.79. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29. The company has a market cap of $6.51 billion, a price-to-earnings ratio of -21.01 and a beta of 0.81.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.