SentinelOne, Inc. $S Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in SentinelOne, Inc. by 8.0% during Q1, acquiring an additional 110,693 shares, bringing its total ownership to about 1,499,783 shares valued at $27,274,000.
• Insiders at SentinelOne sold 95,152 shares worth approximately $1.66 million over the past ninety days, reducing their ownership to 4.33% of the company's stock.
• Analysts have raised their price targets for SentinelOne, with targets now ranging from $21.00 to $26.00, and an average rating of "Moderate Buy" with an average price target of $24.29.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,499,783 shares of the company's stock after purchasing an additional 110,693 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.45% of SentinelOne worth $27,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CENTRAL TRUST Co acquired a new position in shares of SentinelOne during the 1st quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in SentinelOne in the 4th quarter valued at $38,000. GAMMA Investing LLC raised its holdings in SentinelOne by 513.3% in the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after acquiring an additional 1,622 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after buying an additional 942 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of SentinelOne by 510.9% during the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock worth $42,000 after buying an additional 1,921 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Stock Performance

SentinelOne stock traded down $0.43 during mid-day trading on Tuesday, reaching $18.00. The company's stock had a trading volume of 5,475,953 shares, compared to its average volume of 6,977,575. The business's 50 day simple moving average is $17.85 and its 200 day simple moving average is $18.37. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of -13.64 and a beta of 0.78. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on S shares. Rosenblatt Securities initiated coverage on SentinelOne in a research note on Friday, July 18th. They issued a "buy" rating and a $24.00 price target for the company. BTIG Research reiterated a "neutral" rating on shares of SentinelOne in a report on Monday, August 25th. Sanford C. Bernstein lifted their price target on SentinelOne from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. JPMorgan Chase & Co. restated a "neutral" rating and set a $19.00 target price (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Finally, Westpark Capital restated a "buy" rating and set a $25.00 target price on shares of SentinelOne in a report on Friday, August 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.29.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 23,520 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $18.07, for a total value of $425,006.40. Following the sale, the insider directly owned 928,021 shares of the company's stock, valued at approximately $16,769,339.47. This represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 38,684 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $723,003.96. Following the transaction, the chief executive officer directly owned 1,461,776 shares in the company, valued at $27,320,593.44. The trade was a 2.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,959 shares of company stock valued at $3,203,064. 4.33% of the stock is owned by insiders.

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.