Alliancebernstein L.P. Has $11.06 Million Stock Position in SentinelOne, Inc. (NYSE:S)

Alliancebernstein L.P. lifted its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 375.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 498,359 shares of the company's stock after purchasing an additional 393,513 shares during the period. Alliancebernstein L.P. owned 0.16% of SentinelOne worth $11,064,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of S. Smartleaf Asset Management LLC lifted its holdings in SentinelOne by 86.6% in 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 acquired a new position in SentinelOne in the fourth quarter valued at about $28,000. Crewe Advisors LLC acquired a new position in shares of SentinelOne during the 4th quarter worth about $33,000. Arlington Trust Co LLC bought a new stake in shares of SentinelOne in the 4th quarter valued at about $33,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of SentinelOne by 866.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company's stock valued at $46,000 after acquiring an additional 1,846 shares during the period. Institutional investors own 90.87% of the company's stock.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 70,642 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the sale, the chief executive officer now owns 939,726 shares of the company's stock, valued at approximately $22,760,163.72. The trade was a 6.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 14,583 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $23.29, for a total transaction of $339,638.07. Following the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,377,680.11. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 394,991 shares of company stock worth $8,157,395. Insiders own 5.60% of the company's stock.

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Analysts Set New Price Targets

S has been the subject of several recent analyst reports. Needham & Company LLC lowered their price target on SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, March 13th. UBS Group lowered their price objective on shares of SentinelOne from $25.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Piper Sandler reduced their target price on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Barclays dropped their price target on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group decreased their price objective on SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a report on Monday, March 31st. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, SentinelOne presently has an average rating of "Moderate Buy" and an average price target of $26.21.

SentinelOne Price Performance

S stock traded up $0.08 during midday trading on Tuesday, reaching $17.36. 643,582 shares of the company were exchanged, compared to its average volume of 4,962,074. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of -18.46 and a beta of 0.82. The business has a 50-day moving average price of $20.20 and a two-hundred day moving average price of $23.17.

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.