Connor Clark & Lunn Investment Management Ltd. Acquires 301,138 Shares of SentinelOne, Inc. (NYSE:S)

Connor Clark & Lunn Investment Management Ltd. lifted its position in SentinelOne, Inc. (NYSE:S - Free Report) by 173.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 474,703 shares of the company's stock after buying an additional 301,138 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.15% of SentinelOne worth $10,538,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Champlain Investment Partners LLC purchased a new position in SentinelOne during the third quarter worth about $80,604,000. Sylebra Capital LLC grew its holdings in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock worth $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. Atreides Management LP increased its position in shares of SentinelOne by 137.3% in 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 last quarter. Raymond James Financial Inc. purchased a new stake in SentinelOne in the fourth quarter valued at approximately $26,082,000. Finally, Wellington Management Group LLP bought a new stake in SentinelOne during the third quarter valued at approximately $27,000,000. 90.87% of the stock is currently owned by institutional investors.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 39,477 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 value of $771,775.35. Following the sale, the chief executive officer now owns 900,249 shares in the company, valued at approximately $17,599,867.95. This represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the transaction, the insider now owns 531,459 shares of the company's stock, valued at $12,377,680.11. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,818 shares of company stock valued at $5,649,659. Corporate insiders own 5.60% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently weighed in on S shares. Jefferies Financial Group lowered their price objective on shares of SentinelOne from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley began coverage on SentinelOne in a research report on Tuesday. They set an "equal weight" rating and a $20.00 price target on the stock. Wells Fargo & Company cut their price objective on SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. decreased their price objective on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Finally, Scotiabank cut their target price on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne has an average rating of "Moderate Buy" and a consensus price target of $26.33.

SentinelOne Stock Performance

Shares of NYSE S traded up $0.11 during midday trading on Wednesday, hitting $19.48. 5,336,729 shares of the company traded hands, compared to its average volume of 4,851,466. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The stock has a 50-day moving average price of $22.13 and a 200 day moving average price of $23.90. The firm has a market cap of $6.26 billion, a P/E ratio of -20.72 and a beta of 0.78.

SentinelOne 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.