Smartleaf Asset Management LLC Acquires 556 Shares of SentinelOne, Inc. (NYSE:S)

Smartleaf Asset Management LLC raised its holdings in SentinelOne, Inc. (NYSE:S) by 86.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,198 shares of the company’s stock after acquiring an additional 556 shares during the quarter. Smartleaf Asset Management LLC’s holdings in SentinelOne were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of S. Avion Wealth bought a new position in shares of SentinelOne during the fourth quarter worth $28,000. Crewe Advisors LLC bought a new position in shares of SentinelOne during the fourth quarter worth $33,000. Arlington Trust Co LLC bought a new position in shares of SentinelOne during the fourth quarter worth $33,000. Modus Advisors LLC bought a new position in shares of SentinelOne during the fourth quarter worth $48,000. Finally, Huntington National Bank boosted its position in shares of SentinelOne by 287.9% during the third quarter. Huntington National Bank now owns 2,378 shares of the company’s stock worth $57,000 after purchasing an additional 1,765 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

Insider Transactions at SentinelOne

In related news, 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 value of $331,763.25. Following the transaction, the insider now owns 531,459 shares in the company, valued at approximately $12,090,692.25. This represents a 2.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robin Tomasello sold 6,378 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 $124,689.90. Following the completion of the transaction, the chief accounting officer now owns 230,685 shares in the company, valued at approximately $4,509,891.75. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 314,682 shares of company stock worth $7,094,571 in the last ninety days. Insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

S has been the topic of a number of recent analyst reports. Scotiabank lifted their price target on shares of SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and boosted their price objective for the company from $27.00 to $30.00 in a research report on Thursday, December 19th. Susquehanna boosted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, December 5th. Oppenheimer started coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective on the stock. Finally, Morgan Stanley cut their price objective on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Seven 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 company. According to data from MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.78.

SentinelOne Price Performance

SentinelOne stock opened at $19.33 on Thursday. The firm has a market capitalization of $6.21 billion, a PE ratio of -20.56 and a beta of 0.78. The company’s 50-day moving average is $22.50 and its 200-day moving average is $24.10. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

About SentinelOne

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.