Bamco Inc. NY Purchases 261,186 Shares of SentinelOne, Inc. (NYSE:S)

Bamco Inc. NY increased its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,332,160 shares of the company's stock after purchasing an additional 261,186 shares during the quarter. Bamco Inc. NY owned 0.73% of SentinelOne worth $51,774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Guggenheim Capital LLC raised its holdings in SentinelOne by 1.4% in the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock worth $764,000 after purchasing an additional 478 shares during the period. Smartleaf Asset Management LLC raised its position in shares of SentinelOne by 86.6% during the 4th 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 during the period. Legato Capital Management LLC grew its position in SentinelOne by 8.1% in the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company's stock worth $304,000 after acquiring an additional 1,022 shares during the period. Jones Financial Companies Lllp raised its stake in shares of SentinelOne by 48.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company's stock valued at $73,000 after acquiring an additional 1,067 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in SentinelOne by 6.4% during the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock worth $442,000 after purchasing an additional 1,111 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,584 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total transaction of $305,680.64. Following the completion of the sale, the insider now directly owns 529,118 shares of the company's stock, valued at $11,090,313.28. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the transaction, the chief executive officer now directly owns 939,726 shares in the company, valued at approximately $22,760,163.72. This trade represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 503,140 shares of company stock valued at $9,847,149. Insiders own 5.60% of the company's stock.

SentinelOne Stock Performance

SentinelOne stock traded up $0.39 during midday trading on Thursday, reaching $19.42. 2,996,050 shares of the company were exchanged, compared to its average volume of 4,993,869. The firm's 50-day simple moving average is $18.42 and its 200-day simple moving average is $22.33. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of -20.66 and a beta of 0.81. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29.

Wall Street Analyst Weigh In

S has been the topic of several research reports. Oppenheimer started coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price objective on the stock. Robert W. Baird lowered their price target on SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Canaccord Genuity Group reduced their price objective on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Susquehanna cut 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. Finally, Roth Mkm started coverage on shares of SentinelOne in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.13.

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.