Massachusetts Financial Services Co. MA grew its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,771,203 shares of the company's stock after buying an additional 412,138 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.86% of SentinelOne worth $61,521,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its position in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after buying an additional 556 shares during the last quarter. Avion Wealth bought a new stake in shares of SentinelOne in the 4th quarter worth approximately $28,000. Crewe Advisors LLC purchased a new stake in shares of SentinelOne in the 4th quarter valued at $33,000. Arlington Trust Co LLC purchased a new stake in shares of SentinelOne in the 4th quarter valued at $33,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of SentinelOne by 866.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company's stock valued at $46,000 after purchasing an additional 1,846 shares during the last quarter. Institutional investors own 90.87% of the company's stock.
Insiders Place Their Bets
In related news, insider Ric Smith sold 2,341 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $56,066.95. Following the sale, the insider now owns 529,118 shares in the company, valued at approximately $12,672,376.10. This represents a 0.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 20,186 shares of the 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 $399,077.22. Following the completion of the sale, the chief executive officer now owns 900,111 shares in the company, valued at approximately $17,795,194.47. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 394,991 shares of company stock worth $8,157,395. Company insiders own 5.60% of the company's stock.
Wall Street Analysts Forecast Growth
S has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Morgan Stanley started coverage on SentinelOne in a research note on Tuesday, March 18th. They issued an "equal weight" rating and a $20.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. UBS Group dropped their price target on SentinelOne from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Oppenheimer began coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.21.
Check Out Our Latest Stock Report on S
SentinelOne Price Performance
Shares of NYSE:S traded down $1.61 during trading on Thursday, hitting $17.22. The company's stock had a trading volume of 2,607,440 shares, compared to its average volume of 4,943,130. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of -18.38 and a beta of 0.82. The company has a 50-day moving average of $20.58 and a 200-day moving average of $23.32.
SentinelOne Company Profile
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Free Report)
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.
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