Northern Trust Corp Grows Stock Position in SentinelOne, Inc. (NYSE:S)

Northern Trust Corp boosted its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,886,764 shares of the company's stock after buying an additional 278,362 shares during the quarter. Northern Trust Corp owned 0.59% of SentinelOne worth $41,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of S. Carnegie Investment Counsel purchased a new position in SentinelOne in the fourth quarter worth about $7,167,000. Franklin Resources Inc. boosted its position in SentinelOne by 5.5% in 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 last quarter. SG Americas Securities LLC raised its holdings in SentinelOne by 74.8% in the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company's stock worth $1,269,000 after purchasing an additional 24,453 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings 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 worth $5,106,000 after purchasing an additional 130,000 shares during the period. Finally, US Bancorp DE raised its holdings in SentinelOne by 26.4% in the 4th quarter. US Bancorp DE now owns 49,873 shares of the company's stock worth $1,107,000 after purchasing an additional 10,413 shares during the period. Institutional investors own 90.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Needham & Company LLC decreased their target price on SentinelOne from $32.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Oppenheimer began coverage on SentinelOne in a report on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 target price on the stock. 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 report on Wednesday, April 16th. Roth Mkm started coverage on SentinelOne in a research report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price objective for the company. Finally, Westpark Capital cut their price objective on SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Seven equities 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.com, SentinelOne presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.13.

SentinelOne Stock Up 5.1%

Shares of NYSE S traded up $0.98 during mid-day trading on Monday, reaching $20.13. 5,221,446 shares of the company were exchanged, compared to its average volume of 5,008,324. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of -21.41 and a beta of 0.81. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The firm has a 50-day moving average of $18.40 and a 200 day moving average of $22.24.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 70,642 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the sale, the chief executive officer now directly owns 939,726 shares of the company's stock, valued at $22,760,163.72. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 14,584 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total value of $305,680.64. Following the sale, the insider now directly owns 529,118 shares in the company, valued at approximately $11,090,313.28. This trade 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 503,140 shares of company stock worth $9,847,149. 5.60% of the stock is owned by 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.