Emerald Advisers LLC Invests $306,000 in SentinelOne, Inc. (NYSE:S)

Emerald Advisers LLC purchased a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,768 shares of the company's stock, valued at approximately $306,000.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after purchasing an additional 556 shares during the period. Avion Wealth purchased a new stake in shares of SentinelOne in the fourth quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new position in SentinelOne during the fourth quarter worth $33,000. Arlington Trust Co LLC acquired a new position in SentinelOne during the fourth quarter worth $33,000. Finally, Modus Advisors LLC purchased a new position in SentinelOne in the fourth quarter worth $48,000. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Price Performance

S traded down $0.51 during trading hours on Friday, reaching $18.84. 2,779,489 shares of the stock traded hands, compared to its average volume of 4,897,488. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The company has a market cap of $6.05 billion, a price-to-earnings ratio of -20.04 and a beta of 0.78. The firm's fifty day simple moving average is $21.71 and its two-hundred day simple moving average is $23.71.

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Wall Street Analyst Weigh In

S has been the topic of a number of recent analyst reports. Sanford C. Bernstein lowered their price target on shares of SentinelOne from $32.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, December 5th. Needham & Company LLC lowered their target price on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company lowered their price target on SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Morgan Stanley initiated coverage on SentinelOne in a report on Tuesday, March 18th. They issued an "equal weight" rating and a $20.00 target price on the stock. Finally, Cantor Fitzgerald dropped their target price on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.33.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares of the company's stock, valued at approximately $21,612,038.64. The trade was a 5.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ric Smith sold 10,624 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $210,036.48. Following the completion of the transaction, the insider now directly owns 488,122 shares in the company, valued at $9,650,171.94. This represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 455,855 shares of company stock worth $9,528,052. 5.60% of the stock is currently owned by corporate insiders.

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.