SentinelOne, Inc. (NYSE:S) Stake Raised by Thematics Asset Management

Thematics Asset Management raised its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 990,000 shares of the company's stock after purchasing an additional 30,000 shares during the quarter. Thematics Asset Management owned 0.31% of SentinelOne worth $21,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of S. Barclays PLC increased its holdings in SentinelOne by 121.9% in the third quarter. Barclays PLC now owns 325,215 shares of the company's stock valued at $7,779,000 after buying an additional 178,685 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in SentinelOne in the 3rd quarter valued at approximately $67,000. Franklin Resources Inc. boosted its position in SentinelOne by 5.5% during the third 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. Principal Financial Group Inc. grew its holdings in SentinelOne by 6.4% in the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock valued at $442,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Modus Advisors LLC acquired a new stake in SentinelOne in the fourth quarter valued at $48,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on S. Westpark Capital dropped their price objective on shares of SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Piper Sandler reduced their target price on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Canaccord Genuity Group lowered their price target on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Citigroup reduced their price target on SentinelOne from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Finally, Roth Mkm started coverage on SentinelOne in a research report on Wednesday. They issued a "buy" rating and a $26.00 price objective for the company. Seven investment 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. Based on data from MarketBeat, SentinelOne has an average rating of "Moderate Buy" and an average target price of $26.13.

SentinelOne Stock Up 2.1 %

Shares of S traded up $0.39 during midday trading on Friday, hitting $18.37. The company had a trading volume of 1,406,130 shares, compared to its average volume of 4,964,819. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of -19.54 and a beta of 0.82. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The company's 50 day moving average price is $19.01 and its 200 day moving average price is $22.82.

Insiders Place Their Bets

In other news, insider Ric Smith sold 2,341 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 529,118 shares of the company's stock, valued at approximately $12,672,376.10. This represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 70,642 shares of the company's stock in a transaction on Tuesday, February 11th. The stock was 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 owns 939,726 shares of the company's stock, valued at approximately $22,760,163.72. The trade was a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 455,855 shares of company stock valued at $9,151,304 in the last quarter. Insiders own 5.60% of the company's stock.

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.