Insight Holdings Group LLC Sells 12,721,204 Shares of SentinelOne, Inc. (NYSE:S)

Insight Holdings Group LLC lessened its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 52.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,425,026 shares of the company's stock after selling 12,721,204 shares during the quarter. SentinelOne comprises approximately 16.4% of Insight Holdings Group LLC's portfolio, making the stock its 2nd largest position. Insight Holdings Group LLC owned about 3.56% of SentinelOne worth $253,636,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. 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 purchasing an additional 556 shares during the period. Avion Wealth acquired a new stake in shares of SentinelOne during the 4th quarter valued at approximately $28,000. Crewe Advisors LLC purchased a new stake in shares of SentinelOne during the 4th quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new stake in shares of SentinelOne in the 4th quarter worth approximately $33,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new position in SentinelOne in the 4th quarter valued at approximately $40,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Ric Smith sold 2,341 shares of SentinelOne stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $56,066.95. Following the completion of the sale, the insider now directly owns 529,118 shares in the company, 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 SEC, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 10,178 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.95, for a total value of $243,763.10. Following the sale, the chief executive officer now directly owns 949,504 shares in the company, valued at approximately $22,740,620.80. This trade represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 502,136 shares of company stock valued at $9,896,262 in the last quarter. 5.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on S. 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 report on Thursday, March 13th. Roth Capital set a $26.00 price target on SentinelOne and gave the company a "buy" rating in a report on Tuesday, April 22nd. Stephens assumed coverage on SentinelOne in a research note on Tuesday, April 1st. They set an "overweight" rating and a $25.00 price target for the company. UBS Group reduced their price target on shares of SentinelOne from $25.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Cantor Fitzgerald dropped their price objective on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.13.

SentinelOne Stock Performance

Shares of NYSE S traded down $0.28 during mid-day trading on Wednesday, hitting $18.50. 2,467,309 shares of the stock traded hands, compared to its average volume of 4,994,327. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The stock has a fifty day moving average price of $18.65 and a 200-day moving average price of $22.63. The company has a market cap of $6.10 billion, a price-to-earnings ratio of -19.68 and a beta of 0.82.

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.