Vident Advisory LLC Raises Stake in SentinelOne, Inc. (NYSE:S)

Vident Advisory LLC grew its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,462 shares of the company's stock after acquiring an additional 40,083 shares during the quarter. Vident Advisory LLC owned about 0.07% of SentinelOne worth $4,739,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. lifted its holdings in SentinelOne by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company's stock worth $698,000 after buying an additional 1,366 shares in the last quarter. SG Americas Securities LLC boosted its stake in SentinelOne by 74.8% during the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company's stock valued at $1,269,000 after acquiring an additional 24,453 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in shares of SentinelOne by 130.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company's stock valued at $5,106,000 after purchasing an additional 130,000 shares in the last quarter. US Bancorp DE increased its holdings in SentinelOne by 26.4% in the fourth quarter. US Bancorp DE now owns 49,873 shares of the company's stock valued at $1,107,000 after buying an additional 10,413 shares during the last quarter. Finally, Barclays PLC lifted its holdings in SentinelOne by 121.9% during the 3rd quarter. Barclays PLC now owns 325,215 shares of the company's stock worth $7,779,000 after buying an additional 178,685 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 39,477 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $771,775.35. Following the transaction, the chief executive officer now owns 900,249 shares in the company, valued at approximately $17,599,867.95. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider now owns 529,118 shares in the company, valued at approximately $11,090,313.28. The trade was a 2.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 432,498 shares of company stock worth $8,136,199. 4.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

S has been the topic of a number of research reports. UBS Group set a $21.00 target price on shares of SentinelOne and gave the stock a "neutral" rating in a report on Thursday. Cantor Fitzgerald restated an "overweight" rating and set a $24.00 price target on shares of SentinelOne in a research report on Friday. Piper Sandler cut their price objective on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Roth Capital set a $26.00 price target on shares of SentinelOne and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Finally, Roth Mkm started coverage on SentinelOne in a report on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $26.10.

SentinelOne Stock Performance

Shares of NYSE:S traded down $0.04 on Monday, reaching $19.75. The company's stock had a trading volume of 2,304,569 shares, compared to its average volume of 5,037,847. The company has a market cap of $6.51 billion, a P/E ratio of -21.01 and a beta of 0.81. The company has a 50-day simple moving average of $18.58 and a 200 day simple moving average of $21.79. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29.

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.