SentinelOne, Inc. (NYSE:S) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 77.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 656,955 shares of the company's stock after acquiring an additional 285,787 shares during the period. Price T Rowe Associates Inc. MD owned 0.20% of SentinelOne worth $14,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Guggenheim Capital LLC boosted its stake in SentinelOne by 1.4% during 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 boosted its stake in shares of SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after buying an additional 556 shares during the period. Legato Capital Management LLC grew its holdings in shares of SentinelOne by 8.1% during the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company's stock worth $304,000 after buying an additional 1,022 shares during the last quarter. Jones Financial Companies Lllp increased its position in 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. raised its stake in SentinelOne by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock valued at $442,000 after acquiring an additional 1,111 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays dropped their price target on shares of SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Cantor Fitzgerald dropped their price objective on SentinelOne from $30.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Morgan Stanley reduced their target price on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Roth Capital set a $26.00 target price on shares of SentinelOne and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Finally, UBS Group cut their price target on shares of SentinelOne from $25.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Seven equities 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, SentinelOne has a consensus rating of "Moderate Buy" and a consensus target price of $26.13.

Insider Transactions at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares of the company's stock, valued at $4,509,891.75. The trade was a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ric Smith sold 2,341 shares of the 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 completion of the sale, the insider now directly owns 529,118 shares of the company's stock, valued at $12,672,376.10. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 502,136 shares of company stock worth $9,896,262 in the last three months. Company insiders own 5.60% of the company's stock.

SentinelOne Stock Performance

SentinelOne stock traded up $0.16 during trading on Wednesday, hitting $18.90. The company's stock had a trading volume of 1,365,299 shares, compared to its average volume of 4,980,955. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of -20.09 and a beta of 0.81. The stock's fifty day moving average is $18.47 and its 200 day moving average is $22.40. 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.