Fox Run Management L.L.C. Purchases New Position in SentinelOne, Inc. (NYSE:S)

Fox Run Management L.L.C. acquired a new position in SentinelOne, Inc. (NYSE:S) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 49,579 shares of the company’s stock, valued at approximately $1,101,000.

A number of other hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC increased its position in shares of 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 during the period. Avion Wealth bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $28,000. Crewe Advisors LLC purchased a new position in SentinelOne during the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC bought a new stake in SentinelOne during the 4th quarter worth approximately $33,000. Finally, Modus Advisors LLC purchased a new stake in SentinelOne in the 4th quarter worth approximately $48,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Price Performance

S opened at $19.27 on Friday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The stock’s 50 day simple moving average is $21.94 and its 200 day simple moving average is $23.82. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of -20.50 and a beta of 0.78.

Insider Activity

In other news, CEO Tomer Weingarten sold 81,619 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the completion of the sale, the chief executive officer now directly owns 879,494 shares in the company, valued at approximately $17,229,287.46. This represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ric Smith sold 31,659 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total value of $604,686.90. Following the completion of the sale, the insider now directly owns 477,271 shares in the company, valued at $9,115,876.10. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 367,096 shares of company stock valued at $7,853,262. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on S shares. JPMorgan Chase & Co. reduced their price target on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Guggenheim restated a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Needham & Company LLC decreased their target price on SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group dropped their price target on SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley initiated coverage on shares of SentinelOne in a research report on Tuesday, March 18th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Seven 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.