SentinelOne, Inc. (NYSE:S) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lessened its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 27.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 148,183 shares of the company's stock after selling 56,400 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in SentinelOne were worth $3,380,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in SentinelOne by 1.4% during the 4th 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 during the last quarter. Sylebra Capital LLC increased its stake in SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock valued at $216,451,000 after purchasing an additional 2,282,980 shares during the last quarter. State Street Corp increased its stake in 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 raised its holdings in SentinelOne by 8.6% during the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company's stock worth $107,326,000 after purchasing an additional 355,944 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of SentinelOne by 8.0% during the 4th quarter. Swedbank AB now owns 2,700,000 shares of the company's stock worth $59,940,000 after buying an additional 200,000 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 20,186 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $399,077.22. Following the sale, the chief executive officer now owns 900,111 shares of the company's stock, valued at approximately $17,795,194.47. This represents a 2.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robin Tomasello sold 6,378 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares of the company's stock, valued at $4,509,891.75. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 455,855 shares of company stock valued at $9,528,052. Insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on S. Needham & Company LLC cut 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. Morgan Stanley started coverage on SentinelOne in a report on Tuesday, March 18th. They issued an "equal weight" rating and a $20.00 target price for the company. Robert W. Baird dropped their price target on SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Westpark Capital reduced their price objective on SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company lowered their target price on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.21.

SentinelOne Price Performance

Shares of S stock traded down $0.92 during midday trading on Thursday, reaching $17.93. 7,359,698 shares of the company traded hands, compared to its average volume of 4,903,176. The firm has a market cap of $5.76 billion, a PE ratio of -19.08 and a beta of 0.78. The firm's 50 day simple moving average is $21.35 and its two-hundred day simple moving average is $23.61. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29.

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.