First Trust Advisors LP Cuts Stock Position in SentinelOne, Inc. (NYSE:S)

First Trust Advisors LP trimmed its holdings in shares of SentinelOne, Inc. (NYSE:S) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,881,890 shares of the company’s stock after selling 166,960 shares during the quarter. First Trust Advisors LP owned approximately 2.14% of SentinelOne worth $152,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in S. Champlain Investment Partners LLC lifted its holdings in SentinelOne by 34.6% in the 4th quarter. Champlain Investment Partners LLC now owns 4,534,294 shares of the company’s stock valued at $100,661,000 after purchasing an additional 1,164,541 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of SentinelOne in the fourth quarter valued at about $40,000. Osterweis Capital Management Inc. lifted its stake 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 worth $10,913,000 after buying an additional 190,362 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in SentinelOne during the fourth quarter worth about $699,000. Finally, Marshall Wace LLP grew its stake in SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after acquiring an additional 4,206,900 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Down 1.6 %

SentinelOne stock opened at $16.82 on Friday. The firm has a market capitalization of $5.54 billion, a P/E ratio of -17.89 and a beta of 0.82. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29. The stock’s fifty day simple moving average is $19.63 and its 200-day simple moving average is $23.00.

Insider Activity at SentinelOne

In related news, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at $4,509,891.75. This trade represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the completion of the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at approximately $12,377,680.11. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 394,991 shares of company stock valued at $8,157,395 over the last 90 days. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

S has been the topic of a number of research reports. Citigroup decreased their target price on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC reduced their price objective on SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Susquehanna dropped their target price on SentinelOne from $30.00 to $25.00 and set a “positive” rating for the company in a report on Thursday, March 13th. Wells Fargo & Company cut their target price on SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Stephens initiated coverage on shares of SentinelOne in a research report on Tuesday, April 1st. They set an “overweight” rating and a $25.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.14.

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.