Legal & General Group Plc Reduces Stock Position in SentinelOne, Inc. (NYSE:S)

Legal & General Group Plc decreased its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,980,785 shares of the company's stock after selling 640,029 shares during the quarter. Legal & General Group Plc owned 1.55% of SentinelOne worth $110,573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its position in shares of SentinelOne by 18.4% during the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock valued at $128,494,000 after acquiring an additional 900,577 shares during the period. Federated Hermes Inc. grew its holdings in SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock valued at $57,787,000 after purchasing an additional 2,047,430 shares during the period. MIG Capital LLC purchased a new stake in SentinelOne in the fourth quarter worth about $334,000. Envestnet Asset Management Inc. raised its stake in shares of SentinelOne by 105.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 69,959 shares of the company's stock worth $1,553,000 after buying an additional 35,829 shares during the period. Finally, Perennial Investment Advisors LLC lifted its position in shares of SentinelOne by 20.0% during the 4th quarter. Perennial Investment Advisors LLC now owns 11,340 shares of the company's stock valued at $252,000 after buying an additional 1,893 shares in the last quarter. Institutional investors own 90.87% of the company's stock.

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Wall Street Analyst Weigh In

S has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Scotiabank reduced their target price on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a report on Thursday, March 13th. Stephens assumed coverage on shares of SentinelOne in a report on Tuesday, April 1st. They issued an "overweight" rating and a $25.00 target price for the company. Needham & Company LLC decreased their price target on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Finally, Jefferies Financial Group dropped their price objective on shares of SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Monday, March 31st. 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.21.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 10,624 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $210,036.48. Following the transaction, the insider now directly owns 488,122 shares of the company's stock, valued at $9,650,171.94. This represents a 2.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 70,642 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares of the company's stock, valued at approximately $22,760,163.72. This represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 394,991 shares of company stock valued at $8,157,395. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Stock Down 0.2 %

NYSE:S traded down $0.04 during midday trading on Tuesday, hitting $17.25. The stock had a trading volume of 1,918,128 shares, compared to its average volume of 4,967,589. The stock has a 50-day moving average of $20.20 and a 200 day moving average of $23.17. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of -18.36 and a beta of 0.82. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29.

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.