Groupe la Francaise Sells 87,400 Shares of SentinelOne, Inc. $S

Groupe la Francaise lowered its position in shares of SentinelOne, Inc. (NYSE:S) by 59.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,470 shares of the company’s stock after selling 87,400 shares during the quarter. Groupe la Francaise’s holdings in SentinelOne were worth $1,064,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new stake in SentinelOne during the second quarter worth about $29,000. First Horizon Advisors Inc. boosted its holdings in shares of SentinelOne by 287.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company’s stock worth $45,000 after acquiring an additional 1,810 shares in the last quarter. Foster Dykema Cabot & Partners LLC grew its position in SentinelOne by 66.7% during the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,007 shares of the company’s stock worth $55,000 after acquiring an additional 1,203 shares during the last quarter. Trifecta Capital Advisors LLC acquired a new stake in SentinelOne during the 2nd quarter valued at $77,000. Finally, AlphaQuest LLC acquired a new stake in SentinelOne during the 2nd quarter valued at $115,000. 90.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Barbara A. Larson sold 54,583 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $18.13, for a total value of $989,589.79. Following the transaction, the chief financial officer directly owned 549,498 shares in the company, valued at $9,962,398.74. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Keenan Michael Conder sold 11,098 shares of SentinelOne stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $207,421.62. Following the sale, the insider directly owned 579,407 shares of the company’s stock, valued at $10,829,116.83. This represents a 1.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 481,090 shares of company stock worth $8,637,206. 4.33% of the stock is currently owned by company insiders.

SentinelOne Stock Down 0.1%

SentinelOne stock opened at $16.95 on Friday. The business’s 50-day simple moving average is $17.00 and its 200 day simple moving average is $17.71. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of -12.84 and a beta of 0.76. SentinelOne, Inc. has a 12-month low of $15.17 and a 12-month high of $26.64.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Needham & Company LLC boosted their price objective on SentinelOne from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. New Street Research set a $23.00 price target on SentinelOne in a report on Friday, August 29th. Robert W. Baird increased their price objective on shares of SentinelOne from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Guggenheim restated a “buy” rating and issued a $28.00 price objective on shares of SentinelOne in a research report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SentinelOne in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.81.

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.