SentinelOne, Inc. (NYSE:S) Shares Acquired by AXQ Capital LP

AXQ Capital LP boosted its position in shares of SentinelOne, Inc. (NYSE:S) by 97.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 29,756 shares of the company’s stock after acquiring an additional 14,657 shares during the period. AXQ Capital LP’s holdings in SentinelOne were worth $661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new position in SentinelOne during the third quarter worth $4,816,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of SentinelOne by 55.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after acquiring an additional 921,572 shares during the period. Carnegie Investment Counsel bought a new position in shares of SentinelOne during the fourth quarter worth about $7,167,000. Franklin Resources Inc. increased its holdings in shares of SentinelOne by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock worth $698,000 after acquiring an additional 1,366 shares during the period. Finally, SG Americas Securities LLC lifted its position in SentinelOne by 74.8% in the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company’s stock valued at $1,269,000 after purchasing an additional 24,453 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on S shares. Canaccord Genuity Group lowered their price target on SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company dropped their target price on SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Bank of America decreased their price target on SentinelOne from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Piper Sandler dropped their price target on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Scotiabank decreased their target price on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.33.

Insiders Place Their Bets

In related news, CAO Robin Tomasello sold 6,378 shares of the company’s 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 completion of the sale, the chief accounting officer now directly owns 230,685 shares in the company, valued at approximately $4,509,891.75. This represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ric Smith sold 31,659 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total transaction of $604,686.90. Following the transaction, 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. Insiders have sold a total of 367,096 shares of company stock valued at $7,853,262 in the last three months. Insiders own 5.60% of the company’s stock.

SentinelOne Trading Down 0.5 %

Shares of NYSE:S opened at $19.27 on Friday. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of -20.50 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 simple moving average of $21.94 and a 200 day simple moving average of $23.82.

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.