SentinelOne, Inc. (NYSE:S) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its position in SentinelOne, Inc. (NYSE:S) by 52.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,649 shares of the company’s stock after buying an additional 2,978 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SentinelOne were worth $192,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in S. Sylebra Capital LLC raised its stake in shares of SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. State Street Corp raised its stake in shares of SentinelOne by 11.3% in the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after purchasing an additional 516,244 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of SentinelOne by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after purchasing an additional 355,944 shares in the last quarter. Atreides Management LP raised its stake in shares of SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after purchasing an additional 2,200,594 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in shares of SentinelOne in the 3rd quarter valued at about $80,604,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Price Performance

SentinelOne stock opened at $18.56 on Friday. The firm has a 50 day simple moving average of $22.27 and a 200-day simple moving average of $23.97. The stock has a market capitalization of $5.96 billion, a PE ratio of -19.74 and a beta of 0.78. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on S shares. Needham & Company LLC cut their target price on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group cut their target price on shares of SentinelOne from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. Guggenheim reiterated a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. UBS Group dropped their price objective on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Robert W. Baird dropped their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.59.

Insider Activity

In related news, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the completion of the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,090,692.25. This represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the sale, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at approximately $4,509,891.75. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 253,818 shares of company stock worth $5,649,659 over the last three months. Corporate insiders own 5.60% of the company’s stock.

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.