Point72 Asset Management L.P. Invests $63.12 Million in SentinelOne, Inc. (NYSE:S)

Point72 Asset Management L.P. acquired a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,843,246 shares of the company's stock, valued at approximately $63,120,000. Point72 Asset Management L.P. owned 0.88% of SentinelOne at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after buying an additional 556 shares in the last quarter. Avion Wealth bought a new position in shares of SentinelOne in the fourth quarter valued at $28,000. Crewe Advisors LLC bought a new position in shares of SentinelOne in the fourth quarter valued at $33,000. Arlington Trust Co LLC bought a new position in shares of SentinelOne in the fourth quarter valued at $33,000. Finally, Foster Dykema Cabot & Partners LLC bought a new position in shares of SentinelOne in the fourth quarter valued at $40,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on S. Susquehanna dropped their price target on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company cut their target price on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Roth Capital set a $26.00 target price on shares of SentinelOne and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Roth Mkm began coverage on shares of SentinelOne in a research note on Wednesday, April 23rd. They set a "buy" rating and a $26.00 target price on the stock. Finally, Cantor Fitzgerald cut their target price on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $26.13.

SentinelOne Trading Down 0.2%

Shares of NYSE:S opened at $20.20 on Friday. The stock has a market capitalization of $6.66 billion, a PE ratio of -21.49 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 fifty day moving average price of $18.46 and a 200 day moving average price of $22.13.

Insiders Place Their Bets

In other news, insider Ric Smith sold 14,584 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were 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 owns 529,118 shares of the company's stock, valued at approximately $11,090,313.28. This represents a 2.68% decrease in their ownership of the stock. The sale 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 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 directly owns 473,223 shares of the company's stock, valued at $9,355,618.71. This represents a 2.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 432,498 shares of company stock valued at $8,136,199 in the last quarter. Insiders own 5.60% of the company's stock.

About SentinelOne

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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