SentinelOne, Inc. (NYSE:S) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its position in SentinelOne, Inc. (NYSE:S - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,881,890 shares of the company's stock after selling 166,960 shares during the period. First Trust Advisors LP owned about 2.14% of SentinelOne worth $152,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of S. Guggenheim Capital LLC grew its stake in SentinelOne by 1.4% during the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock valued at $764,000 after acquiring an additional 478 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after acquiring an additional 556 shares during the last quarter. Legato Capital Management LLC boosted its position in shares of SentinelOne by 8.1% during the 4th quarter. Legato Capital Management LLC now owns 13,682 shares of the company's stock valued at $304,000 after acquiring an additional 1,022 shares during the last quarter. Jones Financial Companies Lllp increased its position in SentinelOne by 48.1% in the fourth quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company's stock worth $73,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in SentinelOne by 6.4% during the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock valued at $442,000 after purchasing an additional 1,111 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on S shares. 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. Wells Fargo & Company lowered their price objective on SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a research note 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. Scotiabank lowered their price target on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. Finally, Cantor Fitzgerald cut their price objective on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Seven research 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $26.13.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 70,642 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the completion of the transaction, the chief executive officer now owns 939,726 shares in the company, valued at $22,760,163.72. This represents a 6.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barbara A. Larson sold 10,172 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $201,100.44. Following the completion of the transaction, the chief financial officer now directly owns 473,223 shares in the company, valued at $9,355,618.71. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 455,855 shares of company stock valued at $9,151,304. 5.60% of the stock is owned by company insiders.

SentinelOne Trading Up 2.7 %

Shares of S traded up $0.49 during midday trading on Friday, hitting $18.47. 1,055,417 shares of the company's stock traded hands, compared to its average volume of 4,963,475. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The firm's fifty day moving average is $19.01 and its 200-day moving average is $22.82. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of -19.63 and a beta of 0.82.

SentinelOne Company 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.