Raymond James Financial Inc. Purchases New Holdings in SentinelOne, Inc. (NYSE:S)

Raymond James Financial Inc. acquired a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,174,846 shares of the company's stock, valued at approximately $26,082,000. Raymond James Financial Inc. owned approximately 0.37% of SentinelOne at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of S. Vanguard Group Inc. increased its position 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 purchasing an additional 399,056 shares during the last quarter. Invesco Ltd. increased its holdings in shares of SentinelOne by 18.4% during the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock worth $128,494,000 after buying an additional 900,577 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of SentinelOne by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 4,555,878 shares of the company's stock worth $101,175,000 after buying an additional 70,282 shares during the last quarter. Norges Bank purchased a new stake in shares of SentinelOne during the 4th quarter valued at approximately $73,528,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in SentinelOne by 17.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,771,203 shares of the company's stock valued at $61,521,000 after acquiring an additional 412,138 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

SentinelOne Stock Up 6.3 %

SentinelOne stock traded up $1.03 during mid-day trading on Wednesday, hitting $17.39. The company had a trading volume of 1,251,389 shares, compared to its average volume of 4,959,238. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of -18.50 and a beta of 0.82. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The business has a fifty day moving average of $19.30 and a 200 day moving average of $22.89.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on S shares. Cantor Fitzgerald reduced their target price on SentinelOne from $30.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Citigroup reduced their price objective on shares of SentinelOne from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Friday, January 17th. Wells Fargo & Company lowered their target price on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Morgan Stanley reduced their price target on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group decreased their price objective on shares of SentinelOne from $25.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $26.13.

Insider Activity at SentinelOne

In related news, 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 directly owns 939,726 shares of the company's stock, valued at $22,760,163.72. This represents a 6.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robin Tomasello sold 1,496 shares of the firm'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 $29,575.92. Following the transaction, the chief accounting officer now owns 233,484 shares in the company, valued at $4,615,978.68. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 394,991 shares of company stock valued at $8,157,395 in the last ninety days. Insiders own 5.60% of the company's stock.

About SentinelOne

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.