Geode Capital Management LLC Purchases 70,282 Shares of SentinelOne, Inc. (NYSE:S)

Geode Capital Management LLC increased its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,555,878 shares of the company's stock after buying an additional 70,282 shares during the quarter. Geode Capital Management LLC owned 1.42% of SentinelOne worth $101,175,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Carnegie Investment Counsel bought a new stake in SentinelOne during the fourth quarter worth about $7,167,000. Franklin Resources Inc. boosted its holdings in shares of SentinelOne by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company's stock valued at $698,000 after buying an additional 1,366 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of SentinelOne by 74.8% in the fourth quarter. SG Americas Securities LLC now owns 57,142 shares of the company's stock valued at $1,269,000 after buying an additional 24,453 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in SentinelOne by 130.0% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company's stock worth $5,106,000 after buying an additional 130,000 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in SentinelOne by 6.4% in the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock valued at $442,000 after acquiring an additional 1,111 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

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Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 81,619 shares of SentinelOne stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the completion of the transaction, the chief executive officer now owns 879,494 shares of the company's stock, valued at $17,229,287.46. This trade represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 2,341 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $56,066.95. Following the sale, the insider now directly owns 529,118 shares in the company, valued at $12,672,376.10. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 394,991 shares of company stock worth $8,157,395 over the last three months. Company insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on S shares. JPMorgan Chase & Co. dropped their target price on shares of SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Susquehanna decreased their target price on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a report on Thursday, March 13th. Canaccord Genuity Group cut 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. Citigroup decreased 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. Finally, Wells Fargo & Company decreased their price target on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.21.

SentinelOne Price Performance

Shares of NYSE S traded up $0.08 during mid-day trading on Tuesday, hitting $17.36. 643,582 shares of the stock traded hands, compared to its average volume of 4,962,074. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29. The company has a market cap of $5.72 billion, a PE ratio of -18.46 and a beta of 0.82. The firm has a 50 day simple moving average of $20.20 and a two-hundred day simple moving average of $23.17.

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.