MIG Capital LLC Purchases Shares of 15,046 SentinelOne, Inc. (NYSE:S)

MIG Capital LLC purchased a new position in SentinelOne, Inc. (NYSE:S - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,046 shares of the company's stock, valued at approximately $334,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in SentinelOne by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company's stock worth $663,366,000 after buying an additional 399,056 shares in the last quarter. Sylebra Capital LLC grew its stake in shares of SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock worth $216,451,000 after acquiring an additional 2,282,980 shares in the last quarter. State Street Corp raised its holdings in shares of SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company's stock valued at $121,325,000 after purchasing an additional 516,244 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of SentinelOne by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 4,555,878 shares of the company's stock valued at $101,175,000 after purchasing an additional 70,282 shares in the last quarter. Finally, Norges Bank purchased a new position in SentinelOne during the fourth quarter worth about $73,528,000. Institutional investors and hedge funds own 90.87% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on S. Oppenheimer initiated 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. Barclays reduced their price target on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. Cantor Fitzgerald cut their target price on SentinelOne from $30.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Morgan Stanley assumed coverage on SentinelOne in a research report on Tuesday, March 18th. They set an "equal weight" rating and a $20.00 price target on the stock. Finally, Westpark Capital cut their price objective on shares of SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.21.

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Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the transaction, the insider now owns 531,459 shares in the company, valued at $12,377,680.11. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 70,642 shares of the company'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 owns 939,726 shares of the company's stock, valued at approximately $22,760,163.72. The trade was 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 worth $8,157,395. Company insiders own 5.60% of the company's stock.

SentinelOne Stock Performance

Shares of NYSE:S traded down $0.11 during midday trading on Friday, reaching $17.40. 3,317,017 shares of the company's stock traded hands, compared to its average volume of 4,955,253. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The company has a market cap of $5.74 billion, a price-to-earnings ratio of -18.55 and a beta of 0.82. The stock has a 50 day moving average of $20.46 and a 200 day moving average of $23.27.

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.