Proficio Capital Partners LLC Takes $257,000 Position in SentinelOne, Inc. (NYSE:S)

Proficio Capital Partners LLC acquired a new stake in SentinelOne, Inc. (NYSE:S) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,566 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors have also modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its stake in shares of SentinelOne by 25.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,782 shares of the company’s stock valued at $262,000 after purchasing an additional 2,387 shares during the last quarter. NewEdge Wealth LLC raised its holdings in shares of SentinelOne by 6.8% in the fourth quarter. NewEdge Wealth LLC now owns 851,072 shares of the company’s stock worth $18,894,000 after buying an additional 53,865 shares during the period. IFP Advisors Inc raised its holdings in shares of SentinelOne by 33.1% in the fourth quarter. IFP Advisors Inc now owns 4,959 shares of the company’s stock worth $110,000 after buying an additional 1,232 shares during the period. Transcend Capital Advisors LLC purchased a new stake in shares of SentinelOne in the fourth quarter worth approximately $255,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of SentinelOne by 33.9% in the fourth quarter. Handelsbanken Fonder AB now owns 69,163 shares of the company’s stock worth $1,535,000 after buying an additional 17,500 shares during the period. 90.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

S has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price target on SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday. Scotiabank raised their price objective on SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, December 5th. Susquehanna raised their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a report on Thursday, December 5th. Oppenheimer began coverage on SentinelOne in a report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price objective on the stock. Finally, Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their price objective for the stock from $27.00 to $30.00 in a report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $28.78.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,782,850.68. The trade was a 5.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 2,341 shares of the business’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 value of $56,066.95. Following the sale, the insider now owns 529,118 shares of the company’s stock, valued at approximately $12,672,376.10. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 314,682 shares of company stock worth $7,094,571 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Up 3.1 %

Shares of S stock opened at $18.73 on Wednesday. The stock has a market cap of $6.02 billion, a PE ratio of -19.92 and a beta of 0.78. The business has a 50-day simple moving average of $22.50 and a 200-day simple moving average of $24.10. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week 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.