Frank Rimerman Advisors LLC Sells 14,260 Shares of SentinelOne, Inc. (NYSE:S)

Frank Rimerman Advisors LLC lessened its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 248,708 shares of the company's stock after selling 14,260 shares during the quarter. Frank Rimerman Advisors LLC owned 0.08% of SentinelOne worth $5,521,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in S. Smartleaf Asset Management LLC raised its stake in shares of SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after purchasing an additional 556 shares during the period. Avion Wealth acquired a new stake in shares of SentinelOne in the 4th quarter valued at about $28,000. Crewe Advisors LLC acquired a new stake in shares of SentinelOne in the 4th quarter valued at about $33,000. Arlington Trust Co LLC acquired a new stake in shares of SentinelOne in the 4th quarter valued at about $33,000. Finally, Modus Advisors LLC acquired a new stake in shares of SentinelOne in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 90.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on S shares. Needham & Company LLC reduced their price target on SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. reduced their price target on SentinelOne from $33.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, March 10th. 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. Sanford C. Bernstein reduced their price target on SentinelOne from $32.00 to $30.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Finally, Jefferies Financial Group reduced their price target on SentinelOne from $30.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.33.

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Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $21,612,038.64. The trade was a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 20,188 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $394,675.40. Following the transaction, the insider now owns 508,930 shares of the company's stock, valued at approximately $9,949,581.50. This represents a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 253,818 shares of company stock worth $5,649,659. Corporate insiders own 5.60% of the company's stock.

SentinelOne Stock Performance

Shares of NYSE S traded up $0.11 during midday trading on Wednesday, reaching $19.48. The company's stock had a trading volume of 5,337,141 shares, compared to its average volume of 4,851,559. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The business's 50 day moving average price is $22.13 and its two-hundred day moving average price is $23.90. The company has a market cap of $6.26 billion, a P/E ratio of -20.72 and a beta of 0.78.

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.