Bryce Point Capital LLC Takes Position in SentinelOne, Inc. (NYSE:S)

Bryce Point Capital LLC acquired a new position in SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 75,673 shares of the company’s stock, valued at approximately $1,680,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Erste Asset Management GmbH acquired a new position in SentinelOne during the 3rd quarter valued at approximately $4,816,000. Carnegie Investment Counsel purchased a new stake in shares of SentinelOne during the fourth quarter valued at $7,167,000. Franklin Resources Inc. increased its position in shares of SentinelOne by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after acquiring an additional 1,366 shares during the period. SG Americas Securities LLC raised its stake in SentinelOne by 74.8% in the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company’s stock worth $1,269,000 after acquiring an additional 24,453 shares during the last quarter. Finally, Ashford Capital Management Inc. lifted its position in SentinelOne by 72.7% during the 3rd quarter. Ashford Capital Management Inc. now owns 658,435 shares of the company’s stock worth $15,750,000 after acquiring an additional 277,235 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Jefferies Financial Group reduced their price objective on SentinelOne from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday. Westpark Capital decreased their price objective on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Sanford C. Bernstein cut their price objective on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Barclays decreased their target price on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. Finally, Susquehanna cut their price target on SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a research report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $18.60 on Wednesday. The stock has a market capitalization of $5.98 billion, a P/E ratio of -19.78 and a beta of 0.78. The business has a 50 day simple moving average of $21.54 and a two-hundred day simple moving average of $23.68. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $21,612,038.64. This trade represents a 5.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Barbara A. Larson sold 10,172 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $201,100.44. Following the completion of the sale, the chief financial officer now owns 473,223 shares of the company’s stock, valued at $9,355,618.71. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 455,855 shares of company stock worth $9,528,052. 5.60% of the stock is 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.