SentinelOne, Inc. (NYSE:S) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,881,890 shares of the company's stock after selling 166,960 shares during the quarter. First Trust Advisors LP owned approximately 2.14% of SentinelOne worth $152,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in SentinelOne by 86.6% in the fourth 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 position in SentinelOne in the 4th quarter worth about $28,000. Crewe Advisors LLC bought a new stake in SentinelOne during the 4th quarter valued at about $33,000. Arlington Trust Co LLC purchased a new stake in SentinelOne in the 4th quarter valued at about $33,000. Finally, Foster Dykema Cabot & Partners LLC bought a new position in SentinelOne in the 4th quarter worth about $40,000. 90.87% of the stock is owned by institutional investors.

SentinelOne Stock Up 5.9 %

Shares of SentinelOne stock traded up $0.96 during mid-day trading on Wednesday, reaching $17.32. 5,018,898 shares of the stock traded hands, compared to its average volume of 4,973,977. The stock has a market capitalization of $5.71 billion, a PE ratio of -18.43 and a beta of 0.82. The business has a 50-day moving average of $19.15 and a 200 day moving average of $22.86. 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 60,864 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $19.17, for a total value of $1,166,762.88. Following the transaction, the chief executive officer now owns 920,297 shares of the company's stock, valued at $17,642,093.49. This represents a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $23.29, for a total value of $339,638.07. Following the completion of the transaction, the insider now directly owns 531,459 shares of the company's stock, valued at approximately $12,377,680.11. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 394,991 shares of company stock valued at $8,157,395. 5.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on S shares. UBS Group lowered their price target on SentinelOne from $25.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Jefferies Financial Group dropped their price target on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Barclays lowered their price objective on shares of SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 11th. Roth Capital set a $26.00 price objective on shares of SentinelOne and gave the company a "buy" rating in a research note on Tuesday. Finally, Piper Sandler dropped their target price on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.13.

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.