Jacobs Levy Equity Management Inc. Sells 97,409 Shares of SentinelOne, Inc. (NYSE:S)

Jacobs Levy Equity Management Inc. reduced its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,600,980 shares of the company's stock after selling 97,409 shares during the period. Jacobs Levy Equity Management Inc. owned 0.81% of SentinelOne worth $57,742,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of S. Smartleaf Asset Management LLC lifted its position in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after buying an additional 556 shares during the last quarter. Avion Wealth acquired a new position in SentinelOne during the fourth quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new position in SentinelOne during the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $33,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in shares of SentinelOne in the fourth quarter worth $40,000. 90.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 81,619 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the completion of the sale, the chief executive officer now owns 879,494 shares in the company, valued at approximately $17,229,287.46. The trade was a 8.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ric Smith sold 14,584 shares of the firm's 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 owns 529,118 shares in the company, valued at $11,090,313.28. This represents a 2.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,498 shares of company stock worth $8,136,199. 5.60% of the stock is owned by corporate insiders.

SentinelOne Trading Down 0.9%

NYSE S traded down $0.19 during trading hours on Wednesday, reaching $20.15. 3,851,839 shares of the company's stock were exchanged, compared to its average volume of 5,008,177. The stock has a market cap of $6.64 billion, a PE ratio of -21.44 and a beta of 0.81. The firm has a fifty day moving average of $18.42 and a 200-day moving average of $22.17. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Oppenheimer initiated coverage on shares of SentinelOne in a report on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 target price on the stock. Bank of America dropped their price objective on SentinelOne from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group decreased their target price on SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Robert W. Baird lowered their target price on SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. dropped their price target on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Seven investment 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. According to MarketBeat, SentinelOne currently has an average rating of "Moderate Buy" and a consensus target price of $26.13.

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.