Grandeur Peak Global Advisors LLC Sells 125,338 Shares of SentinelOne, Inc. (NYSE:S)

Grandeur Peak Global Advisors LLC decreased its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 85.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,806 shares of the company's stock after selling 125,338 shares during the quarter. Grandeur Peak Global Advisors LLC's holdings in SentinelOne were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Carnegie Investment Counsel purchased a new stake in shares of SentinelOne in the fourth quarter worth approximately $7,167,000. Franklin Resources Inc. raised its position in SentinelOne by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company's stock valued at $698,000 after buying an additional 1,366 shares during the last quarter. SG Americas Securities LLC raised its position in SentinelOne by 74.8% in the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company's stock valued at $1,269,000 after buying an additional 24,453 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in SentinelOne by 130.0% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company's stock valued at $5,106,000 after acquiring an additional 130,000 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in SentinelOne by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock worth $442,000 after acquiring an additional 1,111 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at SentinelOne

In other news, CAO Robin Tomasello sold 1,496 shares of SentinelOne stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $29,575.92. Following the completion of the sale, the chief accounting officer now directly owns 233,484 shares of the company's stock, valued at approximately $4,615,978.68. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ric Smith sold 10,624 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $210,036.48. Following the completion of the transaction, the insider now owns 488,122 shares of the company's stock, valued at $9,650,171.94. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 394,991 shares of company stock valued at $8,157,395. 5.60% of the stock is currently owned by company insiders.

SentinelOne Stock Performance

SentinelOne stock traded up $0.10 during midday trading on Tuesday, reaching $17.38. 3,362,775 shares of the stock were exchanged, compared to its average volume of 4,967,954. The company's fifty day moving average is $20.07 and its 200-day moving average is $23.13. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The firm has a market cap of $5.73 billion, a PE ratio of -18.48 and a beta of 0.82.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Jefferies Financial Group dropped their price target on shares of SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Stephens initiated coverage on shares of SentinelOne in a research report on Tuesday, April 1st. They set an "overweight" rating and a $25.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on SentinelOne from $33.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Morgan Stanley began coverage on SentinelOne in a report on Tuesday, March 18th. They set an "equal weight" rating and a $20.00 price target on the stock. Finally, Canaccord Genuity Group reduced their price objective on SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.21.

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.