DnB Asset Management AS Buys Shares of 20,449 SentinelOne, Inc. (NYSE:S)

DnB Asset Management AS purchased a new stake in SentinelOne, Inc. (NYSE:S - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,449 shares of the company's stock, valued at approximately $454,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its holdings in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after purchasing an additional 556 shares during the last quarter. Bullseye Asset Management LLC raised its position in shares of SentinelOne by 1.5% during the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company's stock valued at $1,605,000 after buying an additional 1,000 shares during the period. MetLife Investment Management LLC lifted its holdings in SentinelOne by 17.4% in the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company's stock valued at $163,000 after acquiring an additional 1,012 shares during the last quarter. Legato Capital Management LLC lifted its holdings in SentinelOne by 8.1% in the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company's stock valued at $304,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in SentinelOne by 48.1% in the fourth quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company's stock worth $73,000 after acquiring an additional 1,067 shares during the period. Institutional investors and hedge funds own 90.87% of the company's stock.

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SentinelOne Stock Performance

S stock traded down $0.01 during midday trading on Monday, reaching $16.91. 6,653,083 shares of the company were exchanged, compared to its average volume of 4,927,202. The company has a market cap of $5.57 billion, a price-to-earnings ratio of -17.98 and a beta of 0.82. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The stock's 50-day simple moving average is $21.10 and its 200 day simple moving average is $23.49.

Insider Buying and Selling

In other news, CFO Barbara A. Larson sold 10,172 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were 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 in the company, valued at approximately $9,355,618.71. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ric Smith sold 31,659 shares of SentinelOne stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total transaction of $604,686.90. Following the completion of the transaction, the insider now directly owns 477,271 shares in the company, valued at $9,115,876.10. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 455,855 shares of company stock worth $9,528,052 in the last ninety days. 5.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on S shares. Jefferies Financial Group reduced their target price on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Canaccord Genuity Group decreased their target price on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Needham & Company LLC dropped their price target on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Robert W. Baird reduced their price target on shares of SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Stephens began coverage on shares of SentinelOne in a research report on Tuesday, April 1st. They set an "overweight" rating and a $25.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.21.

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.