Charles Schwab Investment Management Inc. Boosts Stock Holdings in SentinelOne, Inc. (NYSE:S)

Charles Schwab Investment Management Inc. raised its holdings in shares of SentinelOne, Inc. (NYSE:S) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,638,197 shares of the company’s stock after buying an additional 40,823 shares during the period. Charles Schwab Investment Management Inc. owned about 0.82% of SentinelOne worth $58,568,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of S. Champlain Investment Partners LLC purchased a new stake in shares of SentinelOne during the third quarter worth about $80,604,000. Sylebra Capital LLC boosted its holdings in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares during the period. Atreides Management LP boosted its holdings in shares of SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the period. Wellington Management Group LLP purchased a new stake in SentinelOne in the third quarter worth about $27,000,000. Finally, Thematics Asset Management purchased a new stake in SentinelOne in the third quarter worth about $22,963,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $19.33 on Thursday. The company has a market capitalization of $6.21 billion, a P/E ratio of -20.56 and a beta of 0.78. The company has a fifty day moving average of $22.50 and a 200 day moving average of $24.10. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird lowered their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday. Citigroup lowered their price objective on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Cantor Fitzgerald started coverage on shares of SentinelOne in a report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Guggenheim reaffirmed a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $28.78.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 39,477 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $771,775.35. Following the sale, the chief executive officer now directly owns 900,249 shares in the company, valued at approximately $17,599,867.95. This represents a 4.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the sale, the insider now owns 531,459 shares in the company, valued at $12,090,692.25. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 314,682 shares of company stock worth $7,094,571 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

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.