SentinelOne, Inc. (NYSE:S) Shares Acquired by Tairen Capital Ltd

Tairen Capital Ltd boosted its position in SentinelOne, Inc. (NYSE:S - Free Report) by 57.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,011 shares of the company's stock after acquiring an additional 15,011 shares during the quarter. Tairen Capital Ltd's holdings in SentinelOne were worth $910,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of SentinelOne by 1.4% in 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 last quarter. Eminence Capital LP boosted its holdings 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 in the last quarter. Invesco Ltd. increased its stake in SentinelOne by 18.4% in 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 last quarter. Marshall Wace LLP raised its holdings in SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after purchasing an additional 4,206,900 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of SentinelOne by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 4,555,878 shares of the company's stock worth $101,175,000 after buying an additional 70,282 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

Wall Street Analysts Forecast Growth

S has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley cut their target price on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. UBS Group reduced their target price on SentinelOne from $25.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. dropped their price target on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, Roth Mkm initiated coverage on SentinelOne in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 price objective for the company. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, SentinelOne has a consensus rating of "Moderate Buy" and a consensus price target of $26.13.

Insiders Place Their Bets

In other news, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $124,689.90. Following the completion of the sale, the chief accounting officer now owns 230,685 shares of the company's stock, valued at $4,509,891.75. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 3,187 shares of the stock in a transaction dated 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 in the company, valued at $19,615,783.50. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,498 shares of company stock valued at $8,136,199. Corporate insiders own 5.60% of the company's stock.

SentinelOne Price Performance

S stock opened at $20.22 on Monday. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29. The firm has a market capitalization of $6.66 billion, a PE ratio of -21.51 and a beta of 0.81. The company's 50 day simple moving average is $18.49 and its 200-day simple moving average is $22.03.

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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