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

Proficio Capital Partners LLC bought a new position in shares of SentinelOne, Inc. (NYSE:S) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,566 shares of the company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC grew its holdings in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after buying an additional 556 shares in the last quarter. Avion Wealth bought a new stake in shares of SentinelOne in the fourth quarter valued at about $28,000. Crewe Advisors LLC acquired a new position in shares of SentinelOne in the fourth quarter valued at about $33,000. Arlington Trust Co LLC bought a new position in SentinelOne during the fourth quarter worth about $33,000. Finally, Modus Advisors LLC acquired a new stake in SentinelOne in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Price Performance

NYSE S opened at $19.86 on Thursday. The company has a fifty day moving average price of $21.83 and a 200-day moving average price of $23.76. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of -21.13 and a beta of 0.78. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29.

Insider Buying and Selling

In related news, CAO Robin Tomasello sold 6,378 shares of the 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 represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $19.17, for a total transaction of $1,166,762.88. Following the completion of the sale, the chief executive officer now directly owns 920,297 shares in the company, valued at approximately $17,642,093.49. This represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 413,377 shares of company stock worth $8,688,262. 5.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Piper Sandler dropped their price objective on SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Jefferies Financial Group reduced their target price on SentinelOne from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Citigroup dropped their price target on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Finally, Barclays reduced their price objective on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. Seven equities 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 company. Based on data from MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.