NewEdge Advisors LLC Sells 16,981 Shares of SentinelOne, Inc. (NYSE:S)

NewEdge Advisors LLC lowered its position in SentinelOne, Inc. (NYSE:S - Free Report) by 78.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,696 shares of the company's stock after selling 16,981 shares during the quarter. NewEdge Advisors LLC's holdings in SentinelOne were worth $104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bridgewater Associates LP lifted its position in SentinelOne by 175.8% during the fourth quarter. Bridgewater Associates LP now owns 875,337 shares of the company's stock valued at $19,432,000 after purchasing an additional 557,899 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of SentinelOne by 1.4% during the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock valued at $764,000 after buying an additional 478 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of SentinelOne during the 4th quarter worth $667,000. Mariner LLC grew its position in SentinelOne by 85.4% in the fourth quarter. Mariner LLC now owns 35,747 shares of the company's stock worth $794,000 after acquiring an additional 16,463 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in SentinelOne by 50.2% in the fourth quarter. Sterling Capital Management LLC now owns 14,381 shares of the company's stock valued at $319,000 after acquiring an additional 4,805 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on S shares. Oppenheimer started coverage on SentinelOne in a report on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 price objective for the company. Susquehanna reduced their price target on shares of SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. decreased their price target on shares of SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Roth Capital set a $26.00 price objective on shares of SentinelOne and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Finally, Westpark Capital decreased their target price on shares of SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne currently has an average rating of "Moderate Buy" and a consensus target price of $26.13.

SentinelOne Price Performance

NYSE:S traded down $0.14 during mid-day trading on Tuesday, hitting $18.77. 3,906,872 shares of the company's stock were exchanged, compared to its average volume of 4,985,569. The company has a market cap of $6.19 billion, a PE ratio of -19.96 and a beta of 0.81. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The business has a fifty day moving average price of $18.50 and a 200 day moving average price of $22.43.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $17.82, for a total value of $1,084,596.48. Following the completion of the transaction, the chief executive officer now owns 1,581,396 shares of the company's stock, valued at approximately $28,180,476.72. The trade was a 3.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Barbara A. Larson sold 10,172 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 $201,100.44. Following the transaction, the chief financial officer now owns 473,223 shares in the company, valued at approximately $9,355,618.71. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 502,136 shares of company stock valued at $9,896,262 in the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

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.