Russell Investments Group Ltd. Trims Holdings in SentinelOne, Inc. (NYSE:S)

Russell Investments Group Ltd. cut its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 571,175 shares of the company's stock after selling 103,459 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of SentinelOne worth $12,680,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after acquiring an additional 556 shares in the last quarter. Avion Wealth purchased a new stake in shares of SentinelOne in the 4th quarter worth approximately $28,000. Crewe Advisors LLC bought a new position in SentinelOne during the 4th quarter valued at approximately $33,000. Arlington Trust Co LLC purchased a new position in SentinelOne during the fourth quarter valued at $33,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in SentinelOne by 866.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company's stock worth $46,000 after acquiring an additional 1,846 shares in the last quarter. Institutional investors own 90.87% of the company's stock.

SentinelOne Trading Down 0.7 %

S traded down $0.11 on Wednesday, hitting $17.26. 417,864 shares of the company's stock traded hands, compared to its average volume of 5,086,335. The company's 50 day simple moving average is $20.07 and its 200-day simple moving average is $23.13. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of -18.35 and a beta of 0.82.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group reduced their price target on SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, March 13th. UBS Group reduced their price objective on shares of SentinelOne from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Cantor Fitzgerald dropped their target price on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Bank of America reduced their price target on shares of SentinelOne from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley assumed coverage on SentinelOne in a research report on Tuesday, March 18th. They issued an "equal weight" rating and a $20.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.21.

Insider Activity

In related news, CEO Tomer Weingarten sold 81,619 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total value of $1,598,916.21. Following the completion of the transaction, the chief executive officer now directly owns 879,494 shares of the company's stock, valued at approximately $17,229,287.46. This trade represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Barbara A. Larson sold 10,172 shares of the business'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 $201,100.44. Following the completion of the sale, the chief financial officer now owns 473,223 shares in the company, valued at approximately $9,355,618.71. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 394,991 shares of company stock worth $8,157,395 over the last quarter. Insiders own 5.60% of the company's stock.

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.