213,192 Shares in SentinelOne, Inc. (NYSE:S) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in SentinelOne, Inc. (NYSE:S - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 213,192 shares of the company's stock, valued at approximately $4,733,000. ExodusPoint Capital Management LP owned approximately 0.07% of SentinelOne as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of SentinelOne during the fourth quarter valued at about $73,528,000. Sylebra Capital LLC increased its holdings in SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock valued at $216,451,000 after buying an additional 2,282,980 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SentinelOne during the 4th quarter valued at approximately $26,082,000. Wellington Management Group LLP bought a new position in SentinelOne during the third quarter worth $27,000,000. Finally, Great Lakes Advisors LLC lifted its position in shares of SentinelOne by 643.0% in the 4th quarter. Great Lakes Advisors LLC now owns 601,498 shares of the company's stock worth $13,353,000 after buying an additional 520,545 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Stock Performance

Shares of NYSE:S traded up $0.08 during midday trading on Friday, hitting $17.59. 5,592,824 shares of the stock were exchanged, compared to its average volume of 4,972,235. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29. The business's fifty day simple moving average is $20.33 and its two-hundred day simple moving average is $23.22. The company has a market capitalization of $5.80 billion, a PE ratio of -18.71 and a beta of 0.82.

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Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley started coverage on SentinelOne in a research report on Tuesday, March 18th. They set an "equal weight" rating and a $20.00 price objective for the company. Jefferies Financial Group cut their target price on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Cantor Fitzgerald lowered their target price on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. 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. Finally, Citigroup dropped their target price on shares of SentinelOne from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $26.21.

Insider Activity

In related news, insider Ric Smith sold 14,583 shares of the 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 completion of the sale, the insider now owns 531,459 shares in the company, valued at $12,377,680.11. This represents a 2.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Barbara A. Larson sold 10,172 shares of SentinelOne stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the completion of the transaction, the chief financial officer now directly owns 473,223 shares in the company, valued at approximately $9,355,618.71. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 394,991 shares of company stock worth $8,157,395 in the last three months. 5.60% of the stock is owned by insiders.

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.