SentinelOne, Inc. (NYSE:S) Shares Purchased by Tairen Capital Ltd

Tairen Capital Ltd grew its holdings in SentinelOne, Inc. (NYSE:S) by 57.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 41,011 shares of the company’s stock after purchasing an additional 15,011 shares during the quarter. Tairen Capital Ltd’s holdings in SentinelOne were worth $910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in S. Guggenheim Capital LLC lifted its position in shares of SentinelOne by 1.4% during the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock worth $764,000 after purchasing an additional 478 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 556 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its position in shares of SentinelOne by 4.6% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock worth $365,000 after buying an additional 724 shares in the last quarter. Legato Capital Management LLC raised its holdings in SentinelOne by 8.1% in the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock valued at $304,000 after acquiring an additional 1,022 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of SentinelOne by 48.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company’s stock worth $73,000 after purchasing an additional 1,067 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insiders Place Their Bets

In other SentinelOne news, CEO Tomer Weingarten sold 39,477 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $771,775.35. Following the sale, the chief executive officer now directly owns 900,249 shares in the company, valued at approximately $17,599,867.95. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ric Smith sold 3,187 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $59,086.98. Following the completion of the sale, the insider now owns 1,058,025 shares in the company, valued at approximately $19,615,783.50. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 432,498 shares of company stock worth $8,136,199. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

S has been the topic of several research reports. Westpark Capital cut their price objective on SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Roth Mkm started coverage on SentinelOne in a research note on Wednesday, April 23rd. They set a “buy” rating and a $26.00 price objective on the stock. Barclays lowered 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 note on Tuesday, March 11th. Morgan Stanley reduced their price target on shares of SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird lowered their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $26.13.

SentinelOne Stock Up 0.5%

S stock opened at $20.22 on Monday. The company has a 50-day simple moving average of $18.49 and a 200 day simple moving average of $22.03. The company has a market capitalization of $6.66 billion, a P/E ratio of -21.51 and a beta of 0.81. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

About SentinelOne

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.