Stifel Financial Corp Decreases Stock Holdings in SentinelOne, Inc. (NYSE:S)

Stifel Financial Corp cut its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 282,156 shares of the company's stock after selling 51,277 shares during the period. Stifel Financial Corp owned approximately 0.09% of SentinelOne worth $6,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Marshall Wace LLP lifted its holdings in shares of SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after purchasing an additional 4,206,900 shares in the last quarter. Norges Bank acquired a new position in SentinelOne during the fourth quarter worth $73,528,000. Federated Hermes Inc. lifted its stake in shares of SentinelOne by 368.5% in the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock valued at $57,787,000 after buying an additional 2,047,430 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SentinelOne during the fourth quarter worth about $26,082,000. Finally, Champlain Investment Partners LLC raised its holdings in shares of SentinelOne by 34.6% in the 4th quarter. Champlain Investment Partners LLC now owns 4,534,294 shares of the company's stock worth $100,661,000 after acquiring an additional 1,164,541 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SentinelOne news, CAO Robin Tomasello sold 1,496 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $29,575.92. Following the completion of the sale, the chief accounting officer now owns 233,484 shares of the company's stock, valued at $4,615,978.68. This represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 10,178 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $243,763.10. Following the transaction, the chief executive officer now owns 949,504 shares in the company, valued at $22,740,620.80. The trade was a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 502,136 shares of company stock worth $9,896,262. Corporate insiders own 5.60% of the company's stock.

SentinelOne Stock Performance

NYSE S traded up $0.30 on Friday, hitting $18.87. The stock had a trading volume of 2,612,368 shares, compared to its average volume of 4,991,738. The firm has a 50-day moving average of $18.54 and a 200-day moving average of $22.53. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of -20.07 and a beta of 0.82.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Westpark Capital decreased their price objective on SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Citigroup dropped their price objective on SentinelOne from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Needham & Company LLC reduced their target price on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Cantor Fitzgerald dropped their price target on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, Jefferies Financial Group reduced their price objective on shares of SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.13.

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.