Voya Investment Management LLC Raises Stock Position in SentinelOne, Inc. $S

Key Points

• Voya Investment Management LLC increased its stake in SentinelOne, purchasing an additional 229,230 shares, now owning approximately 2.43% of the company valued at $146.8 million.
• Several other institutional investors also raised their holdings, with hedge funds and institutional investors now owning 90.87% of SentinelOne's stock.
• Equities analysts have provided mixed ratings on SentinelOne, with a consensus rating of "Moderate Buy" and an average price target of $24.26.

Voya Investment Management LLC lifted its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 2.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,077,074 shares of the company's stock after buying an additional 229,230 shares during the quarter. Voya Investment Management LLC owned about 2.43% of SentinelOne worth $146,841,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co purchased a new stake in shares of SentinelOne during the 1st quarter worth approximately $26,000. 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. GAMMA Investing LLC increased its holdings in shares of 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 during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SentinelOne in the 4th quarter valued at $38,000. Finally, Versant Capital Management Inc increased its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 90.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group lifted their target price on shares of SentinelOne from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Morgan Stanley reaffirmed a "positive" rating on shares of SentinelOne in a report on Tuesday, September 2nd. Scotiabank lifted their target price on shares of SentinelOne from $18.00 to $21.00 and gave the company a "sector perform" rating in a report on Friday, August 29th. Susquehanna cut their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $19.00 target price (down from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.26.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 24,515 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $458,185.35. Following the sale, the insider directly owned 951,541 shares in the company, valued at approximately $17,784,301.29. The trade was a 2.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robin Tomasello sold 8,508 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $159,014.52. Following the sale, the chief accounting officer owned 297,536 shares in the company, valued at $5,560,947.84. The trade was a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,753 shares of company stock valued at $6,195,217. 4.33% of the stock is owned by corporate insiders.

SentinelOne Stock Performance

Shares of S opened at $18.29 on Friday. The stock has a market capitalization of $6.10 billion, a P/E ratio of -13.85 and a beta of 0.78. The company's fifty day moving average is $17.84 and its two-hundred day moving average is $18.32. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year 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.

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