CenterBook Partners LP Sells 122,826 Shares of SentinelOne, Inc. (NYSE:S)

CenterBook Partners LP lessened its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 87.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,826 shares of the company's stock after selling 122,826 shares during the quarter. CenterBook Partners LP's holdings in SentinelOne were worth $396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. APG Asset Management US Inc. purchased a new position in SentinelOne during the 4th quarter valued at about $13,225,000. Raymond James Financial Inc. bought a new stake in shares of SentinelOne in the 4th quarter worth approximately $26,082,000. Advisory Services Network LLC purchased a new position in shares of SentinelOne during the fourth quarter valued at approximately $489,000. Invesco Ltd. raised its holdings in shares of SentinelOne by 18.4% during the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock valued at $128,494,000 after acquiring an additional 900,577 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in SentinelOne by 368.5% in the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock worth $57,787,000 after acquiring an additional 2,047,430 shares during the period. Institutional investors own 90.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on S. Scotiabank decreased their price objective on shares of SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a report on Thursday, March 13th. Stephens assumed coverage on SentinelOne in a research report on Tuesday, April 1st. They set an "overweight" rating and a $25.00 price objective on the stock. Bank of America reduced their target price on SentinelOne from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. UBS Group dropped their price target on SentinelOne from $25.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Citigroup reduced their price target on SentinelOne from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $26.21.

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Insider Buying and Selling at SentinelOne

In other news, CFO Barbara A. Larson sold 10,172 shares of SentinelOne stock in a transaction dated Thursday, March 27th. The stock was 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 of the company's stock, valued at $9,355,618.71. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 14,583 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $23.29, for a total transaction of $339,638.07. Following the sale, the insider now owns 531,459 shares in the company, valued at approximately $12,377,680.11. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 394,991 shares of company stock worth $8,157,395. Insiders own 5.60% of the company's stock.

SentinelOne Stock Up 0.5 %

Shares of NYSE S traded up $0.10 during trading on Tuesday, reaching $17.38. 3,362,775 shares of the company traded hands, compared to its average volume of 4,967,954. The stock has a market capitalization of $5.73 billion, a PE ratio of -18.48 and a beta of 0.82. The firm has a 50 day simple moving average of $20.07 and a 200-day simple moving average of $23.13. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29.

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.