Envestnet Asset Management Inc. Purchases 35,829 Shares of SentinelOne, Inc. (NYSE:S)

Envestnet Asset Management Inc. raised its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 105.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 69,959 shares of the company's stock after purchasing an additional 35,829 shares during the quarter. Envestnet Asset Management Inc.'s holdings in SentinelOne were worth $1,553,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after buying an additional 556 shares during the period. Avion Wealth bought a new stake in SentinelOne in the fourth quarter valued at approximately $28,000. Crewe Advisors LLC bought a new position in shares of SentinelOne during the 4th quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new position in shares of SentinelOne during the fourth quarter worth approximately $33,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of SentinelOne by 866.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company's stock valued at $46,000 after purchasing an additional 1,846 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

S has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Barclays lowered their price target on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 11th. Oppenheimer started coverage on SentinelOne in a report on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 price target on the stock. Morgan Stanley decreased their price target on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Bank of America dropped their price objective on SentinelOne from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.13.

SentinelOne Price Performance

SentinelOne stock opened at $18.46 on Tuesday. The firm has a fifty day moving average price of $18.80 and a two-hundred day moving average price of $22.69. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of -19.64 and a beta of 0.82. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 81,619 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the completion of the sale, the chief executive officer now owns 879,494 shares of the company's stock, valued at approximately $17,229,287.46. This represents a 8.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ric Smith sold 2,341 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $56,066.95. Following the transaction, the insider now directly owns 529,118 shares in the company, valued at $12,672,376.10. The trade was a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 502,136 shares of company stock worth $9,896,262. 5.60% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.