Stifel Financial Corp Decreases Position in SentinelOne, Inc. (NYSE:S)

Stifel Financial Corp reduced its stake in SentinelOne, Inc. (NYSE:S) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 282,156 shares of the company’s stock after selling 51,277 shares during the period. Stifel Financial Corp’s holdings in SentinelOne were worth $6,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thematics Asset Management increased its position in shares of SentinelOne by 3.1% during the fourth quarter. Thematics Asset Management now owns 990,000 shares of the company’s stock worth $21,978,000 after purchasing an additional 30,000 shares in the last quarter. Champlain Investment Partners LLC increased its position in SentinelOne by 34.6% during the fourth quarter. Champlain Investment Partners LLC now owns 4,534,294 shares of the company’s stock worth $100,661,000 after buying an additional 1,164,541 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in SentinelOne in the fourth quarter valued at approximately $40,000. Osterweis Capital Management Inc. boosted its holdings in shares of SentinelOne by 63.2% in the fourth quarter. Osterweis Capital Management Inc. now owns 491,597 shares of the company’s stock valued at $10,913,000 after acquiring an additional 190,362 shares during the period. Finally, Altshuler Shaham Ltd purchased a new position in shares of SentinelOne during the fourth quarter worth approximately $699,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Price Performance

Shares of S opened at $18.75 on Wednesday. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The firm has a 50 day simple moving average of $18.72 and a 200-day simple moving average of $22.66. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of -19.95 and a beta of 0.82.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler decreased their price target on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Robert W. Baird lowered their price target on SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. 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, March 31st. Canaccord Genuity Group lowered their target price on SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Finally, Oppenheimer initiated coverage on SentinelOne in a report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price target for the company. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.13.

Insiders Place Their Bets

In other news, CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the sale, the chief accounting officer now owns 230,685 shares in the company, valued at $4,509,891.75. This trade represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $17.82, for a total value of $1,084,596.48. Following the completion of the transaction, the chief executive officer now owns 1,581,396 shares of the company’s stock, valued at $28,180,476.72. The trade was a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 502,136 shares of company stock valued at $9,896,262. 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.