Vident Advisory LLC Grows Stock Holdings in SentinelOne, Inc. $S

Key Points

• Vident Advisory LLC increased its holdings in SentinelOne, Inc. by 127.5%, owning 485,648 shares worth approximately $8.8 million after purchasing an additional 272,186 shares during the quarter.
• Several analysts have raised their price targets for SentinelOne's stock, with Barclays setting a new target of $21.00 and Robert W. Baird increasing it to $23.00, reflecting strong interest from investors.
• Insider trading activity saw the chief accounting officer and CEO sell shares at an average price of $17.31, together totaling over $603,000, while insiders collectively own 4.33% of the stock.

Vident Advisory LLC lifted its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 127.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485,648 shares of the company's stock after acquiring an additional 272,186 shares during the period. Vident Advisory LLC owned approximately 0.15% of SentinelOne worth $8,829,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CENTRAL TRUST Co bought a new stake in SentinelOne during the first quarter worth about $26,000. Parallel Advisors LLC boosted its position in SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after acquiring an additional 942 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of SentinelOne by 513.3% in the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after purchasing an additional 1,622 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in SentinelOne in the 4th quarter valued at approximately $38,000. Finally, Versant Capital Management Inc lifted its position in SentinelOne by 510.9% in the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock valued at $42,000 after acquiring an additional 1,921 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on S. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $19.00 target price (down from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Rosenblatt Securities started coverage on SentinelOne in a report on Friday, July 18th. They issued a "buy" rating and a $24.00 target price on the stock. Robert W. Baird raised their target price on SentinelOne from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Bank of America restated a "neutral" rating and set a $21.00 price objective on shares of SentinelOne in a research report on Thursday, May 29th. Finally, Susquehanna cut their price objective on SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research report on Thursday, May 29th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.29.

Insider Buying and Selling

In other news, insider Keenan Michael Conder sold 5,827 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $100,865.37. Following the sale, the insider directly owned 590,505 shares of the company's stock, valued at $10,221,641.55. This represents a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Robin Tomasello sold 2,921 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $50,562.51. Following the sale, the chief accounting officer directly owned 306,044 shares in the company, valued at approximately $5,297,621.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,730 shares of company stock valued at $2,366,017 over the last quarter. 4.33% of the stock is currently owned by company insiders.

SentinelOne Trading Down 1.5%

Shares of S traded down $0.27 during midday trading on Thursday, hitting $17.75. 2,057,452 shares of the company's stock traded hands, compared to its average volume of 5,922,982. The firm's fifty day moving average is $17.83 and its 200-day moving average is $18.54. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of -13.45 and a beta of 0.78.

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.