Forge First Asset Management Inc. Purchases New Position in SentinelOne, Inc. (NYSE:S)

Forge First Asset Management Inc. acquired a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 56,400 shares of the company's stock, valued at approximately $1,251,000.

Several other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after purchasing an additional 556 shares in the last quarter. Avion Wealth purchased a new stake in shares of SentinelOne in the fourth quarter valued at approximately $28,000. Crewe Advisors LLC purchased a new stake in shares of SentinelOne in the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC purchased a new stake in shares of SentinelOne in the fourth quarter valued at approximately $33,000. Finally, Modus Advisors LLC purchased a new stake in shares of SentinelOne in the fourth quarter valued at approximately $48,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

S has been the topic of a number of recent analyst reports. Robert W. Baird decreased their price objective on SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $32.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their price objective on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday. Westpark Capital decreased their price objective on SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Cantor Fitzgerald initiated coverage on SentinelOne in a report on Thursday, January 9th. They issued an "overweight" rating and a $30.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, SentinelOne presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.78.

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Insider Transactions at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the completion of the sale, the chief accounting officer now directly owns 230,685 shares of the company's stock, valued at approximately $4,509,891.75. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the completion of the transaction, the chief executive officer now owns 939,726 shares in the company, valued at approximately $22,760,163.72. This trade represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 314,682 shares of company stock valued at $7,094,571 in the last ninety days. Corporate insiders own 5.60% of the company's stock.

SentinelOne Price Performance

Shares of S opened at $18.73 on Wednesday. The firm has a 50 day simple moving average of $22.50 and a 200-day simple moving average of $24.10. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of -19.92 and a beta of 0.78.

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.

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