Castleark Management LLC Makes New Investment in SentinelOne, Inc. (NYSE:S)

Castleark Management LLC bought a new position in SentinelOne, Inc. (NYSE:S - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 296,900 shares of the company's stock, valued at approximately $6,591,000. Castleark Management LLC owned about 0.09% of SentinelOne as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of SentinelOne by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company's stock valued at $663,366,000 after acquiring an additional 399,056 shares during the period. Eminence Capital LP lifted its stake in SentinelOne by 6.4% in the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock valued at $145,052,000 after purchasing an additional 392,986 shares during the last quarter. Invesco Ltd. grew its holdings in SentinelOne by 18.4% during the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock valued at $128,494,000 after purchasing an additional 900,577 shares during the period. Marshall Wace LLP increased its position in SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after buying an additional 4,206,900 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of SentinelOne by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 4,555,878 shares of the company's stock valued at $101,175,000 after buying an additional 70,282 shares during the period. 90.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on S shares. Susquehanna lowered their price objective on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley dropped their price target on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Cantor Fitzgerald reduced their price objective on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. JPMorgan Chase & Co. dropped their target price on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, UBS Group reduced their price target on SentinelOne from $25.00 to $19.00 and set a "neutral" 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 issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.13.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,584 shares of SentinelOne stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total value of $305,680.64. Following the sale, the insider now owns 529,118 shares of the company's stock, valued at $11,090,313.28. The trade was a 2.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the transaction, the chief accounting officer now owns 230,685 shares of the company's stock, valued at $4,509,891.75. This represents a 2.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 432,498 shares of company stock valued at $8,136,199 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Stock Up 0.3%

NYSE S opened at $20.05 on Wednesday. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The company has a market capitalization of $6.61 billion, a P/E ratio of -21.33 and a beta of 0.81. The stock's 50-day moving average price is $18.54 and its 200-day moving average price is $21.97.

SentinelOne Profile

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.

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