AXQ Capital LP Raises Position in SentinelOne, Inc. (NYSE:S)

AXQ Capital LP lifted its position in shares of SentinelOne, Inc. (NYSE:S) by 97.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,756 shares of the company’s stock after acquiring an additional 14,657 shares during the quarter. AXQ Capital LP’s holdings in SentinelOne were worth $661,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in S. Smartleaf Asset Management LLC lifted its holdings in SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares during the period. Bullseye Asset Management LLC lifted its stake in shares of SentinelOne by 1.5% in the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock valued at $1,605,000 after purchasing an additional 1,000 shares during the period. MetLife Investment Management LLC boosted its holdings in SentinelOne by 17.4% during the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock worth $163,000 after buying an additional 1,012 shares in the last quarter. Legato Capital Management LLC boosted its holdings in SentinelOne by 8.1% during the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock worth $304,000 after buying an additional 1,022 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in SentinelOne by 48.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company’s stock worth $73,000 after buying an additional 1,067 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Stock Down 0.5 %

NYSE:S opened at $19.27 on Friday. The company has a market cap of $6.19 billion, a P/E ratio of -20.50 and a beta of 0.78. The firm’s 50 day moving average is $21.94 and its two-hundred day moving average is $23.82. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 31,659 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total value of $604,686.90. Following the transaction, the insider now owns 477,271 shares of the company’s stock, valued at approximately $9,115,876.10. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 81,619 shares of SentinelOne stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the transaction, the chief executive officer now owns 879,494 shares in the company, valued at $17,229,287.46. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 367,096 shares of company stock worth $7,853,262 in the last ninety days. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on S. Scotiabank decreased their price target on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 13th. Bank of America decreased their target price on SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Westpark Capital dropped their price target on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Barclays decreased 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 report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Seven equities research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.