SentinelOne, Inc. (NYSE:S) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. decreased its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 18.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 517,362 shares of the company's stock after selling 118,229 shares during the period. Pinebridge Investments L.P. owned 0.16% of SentinelOne worth $11,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its position in SentinelOne by 121.9% during the third quarter. Barclays PLC now owns 325,215 shares of the company's stock worth $7,779,000 after purchasing an additional 178,685 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of SentinelOne during the 3rd quarter valued at $67,000. Franklin Resources Inc. increased its holdings in shares of SentinelOne by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company's stock worth $698,000 after buying an additional 1,366 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of SentinelOne by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock worth $442,000 after buying an additional 1,111 shares during the period. Finally, Modus Advisors LLC acquired a new position in SentinelOne in the fourth quarter valued at $48,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of the company's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $17.82, for a total transaction of $1,084,596.48. Following the completion of the transaction, the chief executive officer now directly owns 1,581,396 shares in the company, valued at $28,180,476.72. This represents a 3.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Robin Tomasello sold 6,378 shares of the 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 completion of the sale, the chief accounting officer now directly owns 230,685 shares in the company, valued at $4,509,891.75. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 516,719 shares of company stock worth $10,235,900 over the last 90 days. Insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on S. Oppenheimer started coverage on SentinelOne in a report on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 price objective on the stock. Bank of America cut their price target on shares of SentinelOne from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Morgan Stanley decreased their price objective on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird cut their target price on shares of SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Stephens initiated coverage on shares of SentinelOne in a report on Tuesday, April 1st. They set an "overweight" rating and a $25.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.13.

SentinelOne Price Performance

Shares of S stock traded up $0.44 on Friday, hitting $18.42. 2,866,222 shares of the stock traded hands, compared to its average volume of 4,993,154. The company's fifty day moving average is $18.89 and its 200 day moving average is $22.76. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The company has a market capitalization of $6.07 billion, a PE ratio of -19.60 and a beta of 0.82.

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.