SentinelOne, Inc. (NYSE:S) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its stake in shares of SentinelOne, Inc. (NYSE:S) by 55.9% during the 4th quarter, HoldingsChannel reports. The fund owned 310,211 shares of the company’s stock after acquiring an additional 111,281 shares during the period. Corient Private Wealth LLC’s holdings in SentinelOne were worth $6,887,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its position in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after buying an additional 556 shares in the last quarter. Avion Wealth acquired a new stake in SentinelOne during the 4th quarter valued at approximately $28,000. Crewe Advisors LLC purchased a new stake in SentinelOne during the 4th quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new position in shares of SentinelOne in the 4th quarter valued at approximately $33,000. Finally, Modus Advisors LLC purchased a new position in shares of SentinelOne during the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 39,477 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $771,775.35. Following the sale, the chief executive officer now owns 900,249 shares of the company’s stock, valued at approximately $17,599,867.95. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 31,659 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total value of $604,686.90. Following the transaction, the insider now directly owns 477,271 shares of the company’s stock, valued at $9,115,876.10. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 285,477 shares of company stock worth $6,254,346 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

NYSE:S opened at $19.37 on Friday. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of -20.60 and a beta of 0.78. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The business has a fifty day moving average of $22.00 and a 200-day moving average of $23.84.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Guggenheim restated a “buy” rating and issued a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Scotiabank decreased their price target on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th. Bank of America cut their price objective on SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Finally, Susquehanna reduced their target price on SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

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.