SG Capital Management LLC Buys New Stake in SentinelOne, Inc. (NYSE:S)

SG Capital Management LLC bought a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 313,926 shares of the company's stock, valued at approximately $6,969,000. SG Capital Management LLC owned approximately 0.10% of SentinelOne as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Carnegie Investment Counsel purchased a new stake in SentinelOne in the 4th quarter worth $7,167,000. Franklin Resources Inc. lifted its stake in SentinelOne by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company's stock worth $698,000 after purchasing an additional 1,366 shares in the last quarter. SG Americas Securities LLC lifted its stake in SentinelOne by 74.8% in the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company's stock worth $1,269,000 after purchasing an additional 24,453 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in SentinelOne by 130.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company's stock worth $5,106,000 after purchasing an additional 130,000 shares in the last quarter. Finally, US Bancorp DE lifted its stake in SentinelOne by 26.4% in the 4th quarter. US Bancorp DE now owns 49,873 shares of the company's stock worth $1,107,000 after purchasing an additional 10,413 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Insider Transactions at SentinelOne

In other news, CFO Barbara A. Larson sold 10,172 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $201,100.44. Following the completion of the sale, the chief financial officer now owns 473,223 shares of the company's stock, valued at approximately $9,355,618.71. This represents a 2.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robin Tomasello sold 1,496 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $29,575.92. Following the sale, the chief accounting officer now directly owns 233,484 shares of the company's stock, valued at $4,615,978.68. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 432,498 shares of company stock valued at $8,136,199. Company insiders own 5.60% of the company's stock.

SentinelOne Price Performance

S stock traded down $0.25 during mid-day trading on Monday, reaching $19.96. The company had a trading volume of 4,181,656 shares, compared to its average volume of 5,009,360. The firm has a 50 day moving average of $18.50 and a 200 day moving average of $21.99. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29. The company has a market capitalization of $6.58 billion, a PE ratio of -21.23 and a beta of 0.81.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald reduced their target price on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Westpark Capital reduced their target price on shares of SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company reduced their target price on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Scotiabank reduced their target price on shares of SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a report on Thursday, March 13th. Finally, Susquehanna reduced their target price 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. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, SentinelOne presently has a consensus rating of "Moderate Buy" and an average 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.