AXQ Capital LP Increases Stock Holdings in SentinelOne, Inc. (NYSE:S)

AXQ Capital LP boosted its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 97.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,756 shares of the company's stock after buying an additional 14,657 shares during the quarter. AXQ Capital LP's holdings in SentinelOne were worth $661,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Champlain Investment Partners LLC bought a new stake in shares of SentinelOne in the third quarter valued at $80,604,000. Sylebra Capital LLC lifted its holdings in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock valued at $216,451,000 after purchasing an additional 2,282,980 shares during the last quarter. Atreides Management LP boosted its position in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company's stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the period. Raymond James Financial Inc. purchased a new position in shares of SentinelOne in the fourth quarter worth about $26,082,000. Finally, Wellington Management Group LLP purchased a new position in shares of SentinelOne in the third quarter worth about $27,000,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on S. Canaccord Genuity Group reduced their price objective 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. Sanford C. Bernstein dropped their price objective on SentinelOne from $32.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. Oppenheimer initiated coverage on SentinelOne in a research note on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 target price for the company. Susquehanna decreased their price target on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research report on Thursday, March 13th. Finally, Guggenheim restated a "buy" rating and issued a $31.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, SentinelOne currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

Remove Ads

SentinelOne Stock Down 2.6 %

Shares of SentinelOne stock traded down $0.51 during trading on Thursday, reaching $19.33. The company's stock had a trading volume of 2,353,631 shares, compared to its average volume of 4,834,402. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29. The firm's 50-day moving average is $21.83 and its two-hundred day moving average is $23.76. The company has a market cap of $6.21 billion, a price-to-earnings ratio of -20.57 and a beta of 0.78.

Insiders Place Their Bets

In other news, CAO Robin Tomasello sold 6,378 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the transaction, the chief accounting officer now directly owns 230,685 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the sale, the chief executive officer now owns 959,682 shares of the company's stock, valued at approximately $21,612,038.64. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 413,377 shares of company stock valued at $8,688,262 over the last three months. Insiders own 5.60% of the company's stock.

About SentinelOne

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.