Malaga Cove Capital LLC Buys 19,879 Shares of SentinelOne, Inc. (NYSE:S)

Malaga Cove Capital LLC lifted its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 47.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,899 shares of the company's stock after purchasing an additional 19,879 shares during the period. Malaga Cove Capital LLC's holdings in SentinelOne were worth $1,374,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Marshall Wace LLP raised its stake in SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock valued at $106,447,000 after acquiring an additional 4,206,900 shares during the period. Norges Bank bought a new stake in shares of SentinelOne during the fourth quarter valued at about $73,528,000. Federated Hermes Inc. increased its position in shares of SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock valued at $57,787,000 after buying an additional 2,047,430 shares during the period. Raymond James Financial Inc. bought a new stake in shares of SentinelOne during the fourth quarter valued at about $26,082,000. Finally, Champlain Investment Partners LLC increased its position in shares of SentinelOne by 34.6% during the fourth quarter. Champlain Investment Partners LLC now owns 4,534,294 shares of the company's stock valued at $100,661,000 after buying an additional 1,164,541 shares during the period. 90.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their price target 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. Needham & Company LLC cut their price objective on SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. cut their price objective on SentinelOne from $33.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Susquehanna cut their price objective on SentinelOne from $30.00 to $25.00 and set a "positive" rating for the company in a report on Thursday, March 13th. Finally, Jefferies Financial Group cut their price objective on SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $26.13.

Insider Buying and Selling

In other news, insider Ric Smith sold 3,187 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $59,086.98. Following the sale, the insider now directly owns 1,058,025 shares of the company's stock, valued at $19,615,783.50. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barbara A. Larson sold 10,172 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the sale, the chief financial officer now directly owns 473,223 shares in the company, valued at $9,355,618.71. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 432,498 shares of company stock valued at $8,136,199. Corporate insiders own 5.60% of the company's stock.

SentinelOne Stock Up 0.5%

NYSE S traded up $0.10 during trading hours on Friday, reaching $20.22. The company's stock had a trading volume of 2,467,549 shares, compared to its average volume of 5,005,850. The firm's 50-day moving average price is $18.49 and its 200-day moving average price is $22.08. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of -21.51 and a beta of 0.81.

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.