One68 Global Capital LLC Invests $895,000 in SentinelOne, Inc. (NYSE:S)

One68 Global Capital LLC bought a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,312 shares of the company's stock, valued at approximately $895,000.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its position in SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company's stock valued at $663,366,000 after acquiring an additional 399,056 shares in the last quarter. Invesco Ltd. grew its holdings in SentinelOne by 18.4% during the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock worth $128,494,000 after purchasing an additional 900,577 shares during the period. Marshall Wace LLP boosted its holdings in shares of SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after acquiring an additional 4,206,900 shares during the period. Geode Capital Management LLC raised its position in shares of SentinelOne by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 4,555,878 shares of the company's stock valued at $101,175,000 after buying an additional 70,282 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its position in shares of SentinelOne by 34.6% in 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 in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 2,341 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $56,066.95. Following the transaction, the insider now directly owns 529,118 shares of the company's stock, valued at approximately $12,672,376.10. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Barbara A. Larson sold 10,172 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the completion of the transaction, the chief financial officer now directly owns 473,223 shares in the company, valued at approximately $9,355,618.71. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 502,136 shares of company stock valued at $9,896,262 in the last ninety days. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on S. JPMorgan Chase & Co. reduced their price objective 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. Canaccord Genuity Group cut their price target on SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Susquehanna lowered their price objective on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company dropped their price objective on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Barclays decreased their price target on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Seven 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.13.

SentinelOne Price Performance

NYSE:S opened at $18.75 on Wednesday. The firm has a 50-day moving average of $18.72 and a two-hundred day moving average of $22.66. The stock has a market cap of $6.18 billion, a P/E ratio of -19.95 and a beta of 0.82. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29.

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.

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