SentinelOne, Inc. (NYSE:S) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 189,353 shares of the company's stock after selling 27,752 shares during the quarter. Tidal Investments LLC owned approximately 0.06% of SentinelOne worth $4,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in S. Marshall Wace LLP grew its position in SentinelOne by 715.4% during the fourth 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 acquired a new stake in SentinelOne during the fourth quarter valued at $73,528,000. Point72 Asset Management L.P. acquired a new stake in SentinelOne during the fourth quarter valued at $63,120,000. Federated Hermes Inc. grew its position in SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock valued at $57,787,000 after buying an additional 2,047,430 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in SentinelOne during the fourth quarter valued at $26,082,000. Institutional investors and hedge funds own 90.87% of the company's stock.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,584 shares of SentinelOne stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $20.96, for a total transaction of $305,680.64. Following the completion of the sale, the insider now directly owns 529,118 shares in the company, valued at $11,090,313.28. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $16.33, for a total transaction of $993,909.12. Following the sale, the chief executive officer now owns 1,581,396 shares of the company's stock, valued at approximately $25,824,196.68. This represents a 3.71% 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 ninety days. Company insiders own 5.60% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Westpark Capital dropped their price target on shares of SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group dropped their target price on shares of SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Roth Capital set a $26.00 target price on shares of SentinelOne and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Roth Mkm started coverage on shares of SentinelOne in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 target price on the stock. Finally, Stephens started coverage on shares of SentinelOne in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $25.00 target price on the stock. Seven investment 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.13.

SentinelOne Price Performance

Shares of S stock opened at $20.05 on Wednesday. The firm's 50-day moving average is $18.54 and its two-hundred day moving average is $21.97. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29. The company has a market capitalization of $6.61 billion, a PE ratio of -21.33 and a beta of 0.81.

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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