1888 Investments LLC Takes Position in SentinelOne, Inc. (NYSE:S)

1888 Investments LLC acquired a new stake in SentinelOne, Inc. (NYSE:S - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 71,382 shares of the company's stock, valued at approximately $1,585,000. SentinelOne comprises approximately 36.8% of 1888 Investments LLC's investment portfolio, making the stock its 2nd largest position.

A number of other hedge funds also recently modified their holdings of S. Smartleaf Asset Management LLC raised its stake in 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 purchasing an additional 556 shares in the last quarter. Avion Wealth acquired a new stake in shares of SentinelOne in the fourth quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new stake in shares of SentinelOne in the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC acquired a new stake in SentinelOne during the fourth quarter worth approximately $33,000. Finally, Modus Advisors LLC acquired a new position in SentinelOne in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 90.87% of the company's stock.

SentinelOne Stock Up 2.3 %

NYSE S traded up $0.42 during trading hours on Tuesday, reaching $18.60. 4,117,017 shares of the company were exchanged, compared to its average volume of 4,894,801. The stock has a market capitalization of $5.98 billion, a P/E ratio of -19.78 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's 50 day simple moving average is $21.54 and its 200-day simple moving average is $23.68.

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Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $19.17, for a total value of $1,166,762.88. Following the completion of the transaction, the chief executive officer now directly owns 920,297 shares in the company, valued at approximately $17,642,093.49. The trade was a 6.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $23.29, for a total value of $339,638.07. Following the sale, the insider now owns 531,459 shares in the company, valued at approximately $12,377,680.11. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 455,855 shares of company stock worth $9,528,052. Insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on S. Piper Sandler cut their price objective on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Jefferies Financial Group lowered their price objective on shares of SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Monday. UBS Group lowered their target price on SentinelOne from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Westpark Capital reduced their target price on shares of SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Finally, Canaccord Genuity Group dropped their price target on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.21.

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.