Flight Deck Capital LP Lowers Position in SentinelOne, Inc. (NYSE:S)

Flight Deck Capital LP trimmed its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,700 shares of the company's stock after selling 34,600 shares during the period. SentinelOne comprises about 5.0% of Flight Deck Capital LP's portfolio, making the stock its 11th largest position. Flight Deck Capital LP owned approximately 0.06% of SentinelOne worth $4,500,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of S. Smartleaf Asset Management LLC boosted its position in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after purchasing an additional 556 shares in the last quarter. Avion Wealth purchased a new position in shares of SentinelOne in the 4th quarter worth approximately $28,000. Crewe Advisors LLC acquired a new stake in SentinelOne in the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC purchased a new position in SentinelOne in the fourth quarter worth $33,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in shares of SentinelOne during the 4th quarter valued at $40,000. Institutional investors own 90.87% of the company's stock.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 14,584 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 529,118 shares of the company's stock, valued at approximately $11,090,313.28. This represents a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 70,642 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value 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. The trade was a 6.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 503,140 shares of company stock valued at $9,847,149 over the last ninety days. Corporate insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on S shares. Jefferies Financial Group lowered their price target on SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a report on Monday, March 31st. Needham & Company LLC lowered their price objective on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Piper Sandler cut their target price on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Oppenheimer initiated coverage on SentinelOne in a research note on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price target on the stock. Finally, Roth Capital set a $26.00 target price on SentinelOne and gave the stock a "buy" rating in a report on Tuesday, April 22nd. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.13.

SentinelOne Stock Performance

SentinelOne stock opened at $19.15 on Friday. The stock has a market capitalization of $6.31 billion, a P/E ratio of -20.37 and a beta of 0.81. The company's fifty day moving average price is $18.40 and its 200 day moving average price is $22.28. SentinelOne, Inc. has a 1 year low of $14.33 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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