Bridgewater Associates LP Increases Position in SentinelOne, Inc. (NYSE:S)

Bridgewater Associates LP grew its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 175.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 875,337 shares of the company's stock after buying an additional 557,899 shares during the period. Bridgewater Associates LP owned 0.27% of SentinelOne worth $19,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Guggenheim Capital LLC raised its position in SentinelOne by 1.4% during the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock valued at $764,000 after purchasing an additional 478 shares during the period. Smartleaf Asset Management LLC lifted its position in SentinelOne by 86.6% in the fourth 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. Legato Capital Management LLC boosted its stake in SentinelOne by 8.1% during the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company's stock worth $304,000 after buying an additional 1,022 shares during the period. Jones Financial Companies Lllp increased its position in SentinelOne by 48.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company's stock valued at $73,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of 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 period. Hedge funds and other institutional investors own 90.87% of the company's stock.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 20,186 shares of SentinelOne stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $399,077.22. Following the completion of the transaction, the chief executive officer now directly owns 900,111 shares in the company, valued at approximately $17,795,194.47. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robin Tomasello sold 1,496 shares of the company'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 completion of the sale, the chief accounting officer now owns 233,484 shares in the company, valued at approximately $4,615,978.68. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 394,991 shares of company stock valued at $8,157,395 over the last quarter. 5.60% of the stock is currently owned by company insiders.

SentinelOne Stock Down 3.2 %

Shares of S traded down $0.53 during trading hours on Monday, reaching $16.29. 805,009 shares of the company traded hands, compared to its average volume of 4,956,806. The business has a fifty day moving average price of $19.63 and a 200-day moving average price of $23.00. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The stock has a market capitalization of $5.37 billion, a P/E ratio of -17.33 and a beta of 0.82.

Analyst Ratings Changes

Several equities analysts have commented on S shares. Canaccord Genuity Group cut their price objective on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Stephens started coverage on shares of SentinelOne in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $25.00 target price on the stock. Susquehanna decreased their price target on shares of SentinelOne from $30.00 to $25.00 and set a "positive" rating for the company in a research note on Thursday, March 13th. Jefferies Financial Group dropped their price objective on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Wells Fargo & Company lowered their target price on SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Seven investment 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 company. According to MarketBeat, SentinelOne currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.14.

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.