Federated Hermes Inc. grew its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 368.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,603,036 shares of the company's stock after buying an additional 2,047,430 shares during the quarter. Federated Hermes Inc. owned about 0.81% of SentinelOne worth $57,787,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of SentinelOne by 86.6% in 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 last quarter. Avion Wealth bought a new stake in SentinelOne during the fourth quarter worth approximately $28,000. Crewe Advisors LLC acquired a new position in SentinelOne in the fourth quarter worth approximately $33,000. Arlington Trust Co LLC bought a new position in shares of SentinelOne in the fourth quarter valued at $33,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of SentinelOne by 866.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company's stock valued at $46,000 after acquiring an additional 1,846 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Ric Smith sold 10,624 shares of the 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 $210,036.48. Following the completion of the sale, the insider now directly owns 488,122 shares of the company's stock, valued at approximately $9,650,171.94. This represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 20,186 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $399,077.22. Following the transaction, the chief executive officer now owns 900,111 shares of the company's stock, valued at approximately $17,795,194.47. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 394,991 shares of company stock valued at $8,157,395 over the last 90 days. 5.60% of the stock is currently owned by company insiders.
SentinelOne Price Performance
Shares of S stock traded up $0.08 during trading on Friday, reaching $17.59. The company had a trading volume of 5,592,824 shares, compared to its average volume of 4,972,235. The firm's 50 day simple moving average is $20.33 and its two-hundred day simple moving average is $23.22. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The company has a market capitalization of $5.80 billion, a PE ratio of -18.71 and a beta of 0.82.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on S shares. Susquehanna cut their target price on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research report on Thursday, March 13th. Stephens initiated coverage on SentinelOne in a report on Tuesday, April 1st. They set an "overweight" rating and a $25.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Piper Sandler cut their price target on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, UBS Group decreased their price objective on shares of SentinelOne from $25.00 to $19.00 and set a "neutral" 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 three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $26.21.
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About SentinelOne
(
Free Report)
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.
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