KLP Kapitalforvaltning AS Takes Position in SentinelOne, Inc. (NYSE:S)

KLP Kapitalforvaltning AS bought a new position in SentinelOne, Inc. (NYSE:S - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 59,065 shares of the company's stock, valued at approximately $1,311,000.

A number of other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of SentinelOne by 86.6% during 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 last quarter. Avion Wealth bought a new stake in SentinelOne during the 4th quarter valued at about $28,000. Crewe Advisors LLC purchased a new stake in SentinelOne in the 4th quarter valued at about $33,000. Arlington Trust Co LLC bought a new position in SentinelOne in the 4th quarter worth about $33,000. Finally, Modus Advisors LLC purchased a new position in shares of SentinelOne during the fourth quarter worth approximately $48,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Price Performance

S traded up $0.42 on Tuesday, reaching $18.60. 4,117,017 shares of the stock were exchanged, compared to its average volume of 4,890,915. The company's 50-day moving average price is $21.62 and its 200 day moving average price is $23.71. The firm has a market capitalization of $5.98 billion, a PE ratio of -19.78 and a beta of 0.78. 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, insider Ric Smith sold 2,341 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total value of $56,066.95. Following the completion of the transaction, the insider now directly owns 529,118 shares of the company's stock, valued at approximately $12,672,376.10. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total value of $1,370,657.28. Following the completion of the sale, the chief executive officer now owns 959,682 shares in the company, valued at approximately $21,612,038.64. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 455,855 shares of company stock worth $9,528,052 over the last quarter. Insiders own 5.60% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on S. Morgan Stanley started coverage on SentinelOne in a report on Tuesday, March 18th. They issued an "equal weight" rating and a $20.00 price target for the company. Scotiabank dropped their price target on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. Piper Sandler cut their price target on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Cantor Fitzgerald lowered their price objective on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, Oppenheimer assumed coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.21.

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.