MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Holdings in SentinelOne, Inc. (NYSE:S)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,389,090 shares of the company's stock after selling 173,234 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.43% of SentinelOne worth $30,840,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of S. Lazard Asset Management LLC increased its stake in SentinelOne by 47.0% in the fourth quarter. Lazard Asset Management LLC now owns 59,442 shares of the company's stock worth $1,319,000 after purchasing an additional 19,013 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of SentinelOne by 4.6% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock valued at $365,000 after buying an additional 724 shares during the period. Frontier Capital Management Co. LLC purchased a new position in shares of SentinelOne during the fourth quarter valued at $5,970,000. Deutsche Bank AG increased its stake in shares of SentinelOne by 122.3% during the fourth quarter. Deutsche Bank AG now owns 873,853 shares of the company's stock valued at $19,400,000 after buying an additional 480,755 shares during the period. Finally, Eminence Capital LP increased its stake in shares of SentinelOne by 6.4% during the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock valued at $145,052,000 after buying an additional 392,986 shares during the period. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Price Performance

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

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,584 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total transaction 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 $11,090,313.28. This represents a 2.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Robin Tomasello sold 6,378 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares of the company's stock, valued at approximately $4,509,891.75. The trade was a 2.69% 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.

Analysts Set New Price Targets

Several brokerages have recently commented on S. JPMorgan Chase & Co. cut their price target on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Roth Mkm began coverage on SentinelOne in a research note on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price target on the stock. Scotiabank cut their price target on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 13th. Stephens assumed coverage on SentinelOne in a research note on Tuesday, April 1st. They set an "overweight" rating and a $25.00 price target on the stock. Finally, Citigroup cut their target price on SentinelOne from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, SentinelOne has a consensus rating of "Moderate Buy" and an average price target 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.