Frontier Capital Management Co. LLC Invests $5.97 Million in SentinelOne, Inc. (NYSE:S)

Frontier Capital Management Co. LLC acquired a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 268,908 shares of the company's stock, valued at approximately $5,970,000. Frontier Capital Management Co. LLC owned about 0.08% of SentinelOne as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carnegie Investment Counsel acquired a new stake in SentinelOne during the 4th quarter worth approximately $7,167,000. Franklin Resources Inc. lifted its holdings in shares of SentinelOne by 5.5% during the third quarter. Franklin Resources Inc. now owns 26,424 shares of the company's stock worth $698,000 after purchasing an additional 1,366 shares during the period. SG Americas Securities LLC grew its position in SentinelOne by 74.8% in the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company's stock valued at $1,269,000 after buying an additional 24,453 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in 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 buying an additional 130,000 shares during the period. Finally, US Bancorp DE raised its position in SentinelOne by 26.4% during the 4th quarter. US Bancorp DE now owns 49,873 shares of the company's stock worth $1,107,000 after buying an additional 10,413 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on S shares. Roth Mkm assumed coverage on shares of SentinelOne in a report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price target for the company. Robert W. Baird reduced their price target on SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Stephens assumed coverage on SentinelOne in a report on Tuesday, April 1st. They set an "overweight" rating and a $25.00 price objective on the stock. Barclays cut their price objective on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. Finally, Cantor Fitzgerald decreased their target price 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 assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.13.

Insider Activity

In other news, CEO Tomer Weingarten sold 10,336 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total value of $191,629.44. Following the completion of the sale, the chief executive officer now owns 1,571,060 shares in the company, valued at approximately $29,127,452.40. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Robin Tomasello sold 1,496 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $29,575.92. Following the completion of the sale, the chief accounting officer now directly owns 233,484 shares of the company's stock, valued at $4,615,978.68. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 432,498 shares of company stock valued at $8,136,199 over the last quarter. Company insiders own 5.60% of the company's stock.

SentinelOne Price Performance

S traded up $0.22 during trading on Tuesday, hitting $20.34. The company's stock had a trading volume of 2,947,161 shares, compared to its average volume of 5,008,722. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29. The stock has a market cap of $6.71 billion, a PE ratio of -21.64 and a beta of 0.81. The firm's 50 day moving average price is $18.41 and its 200-day moving average price is $22.18.

About SentinelOne

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.