SentinelOne, Inc. (NYSE:S) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in shares of SentinelOne, Inc. (NYSE:S) by 2.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,881,890 shares of the company’s stock after selling 166,960 shares during the quarter. First Trust Advisors LP’s holdings in SentinelOne were worth $152,778,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its stake in shares of SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after acquiring an additional 556 shares during the period. Avion Wealth purchased a new stake in SentinelOne in the 4th quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new position in SentinelOne during the 4th quarter worth approximately $33,000. Arlington Trust Co LLC purchased a new position in shares of SentinelOne during the 4th quarter worth approximately $33,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in shares of SentinelOne in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on S. Jefferies Financial Group cut their price objective on SentinelOne from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Piper Sandler decreased their price objective on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Citigroup dropped their target price on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, Morgan Stanley decreased their target price on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.14.

Insider Activity

In related news, CAO Robin Tomasello sold 1,496 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $29,575.92. Following the completion of the sale, the chief accounting officer now owns 233,484 shares of the company’s stock, valued at approximately $4,615,978.68. This represents a 0.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Barbara A. Larson sold 10,172 shares of SentinelOne stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $201,100.44. Following the transaction, the chief financial officer now directly owns 473,223 shares in the company, valued at approximately $9,355,618.71. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 394,991 shares of company stock valued at $8,157,395 in the last ninety days. Company insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

S opened at $16.82 on Friday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The company’s 50 day simple moving average is $19.63 and its 200 day simple moving average is $23.00. The stock has a market capitalization of $5.54 billion, a PE ratio of -17.89 and a beta of 0.82.

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.