Lazard Asset Management LLC Boosts Stake in SentinelOne, Inc. (NYSE:S)

Lazard Asset Management LLC lifted its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 47.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,442 shares of the company's stock after purchasing an additional 19,013 shares during the quarter. Lazard Asset Management LLC's holdings in SentinelOne were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Laird Norton Wetherby Wealth Management LLC grew its holdings in shares of SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock worth $365,000 after acquiring an additional 724 shares during the period. Frontier Capital Management Co. LLC bought a new stake in shares of SentinelOne in the fourth quarter worth $5,970,000. Deutsche Bank AG grew its holdings in shares of SentinelOne by 122.3% in the fourth quarter. Deutsche Bank AG now owns 873,853 shares of the company's stock worth $19,400,000 after acquiring an additional 480,755 shares during the period. Eminence Capital LP grew its holdings in shares of SentinelOne by 6.4% in the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock worth $145,052,000 after acquiring an additional 392,986 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in shares of SentinelOne by 35.6% in the fourth quarter. CoreCap Advisors LLC now owns 4,388 shares of the company's stock worth $97,000 after acquiring an additional 1,153 shares during the period. Hedge funds and other institutional investors own 90.87% of the company's stock.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 3,187 shares of the stock in a transaction that occurred 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 $19,615,783.50. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robin Tomasello sold 1,496 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $29,575.92. Following the completion of the transaction, the chief accounting officer now directly owns 233,484 shares in the company, valued at approximately $4,615,978.68. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 432,498 shares of company stock worth $8,136,199 over the last ninety days. Company insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

S has been the subject of several recent research reports. Barclays cut their price target on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, March 11th. Wells Fargo & Company cut their price target on SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Scotiabank cut their price target on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a report on Thursday, March 13th. Canaccord Genuity Group cut their price target on SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut their price target on SentinelOne from $33.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, SentinelOne currently has an average rating of "Moderate Buy" and an average target price of $26.13.

SentinelOne Price Performance

Shares of S stock opened at $20.22 on Monday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The stock's 50 day simple moving average is $18.49 and its two-hundred day simple moving average is $22.03. The company has a market cap of $6.66 billion, a PE ratio of -21.51 and a beta of 0.81.

SentinelOne Company 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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