LPL Financial LLC Raises Holdings in SentinelOne, Inc. (NYSE:S)

LPL Financial LLC grew its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 66.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,666 shares of the company's stock after acquiring an additional 50,917 shares during the period. LPL Financial LLC's holdings in SentinelOne were worth $2,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of S. State Street Corp raised its position in shares of SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company's stock valued at $121,325,000 after buying an additional 516,244 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in SentinelOne by 12.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 109,695 shares of the company's stock valued at $2,624,000 after acquiring an additional 12,413 shares during the last quarter. Barclays PLC lifted its stake in SentinelOne by 121.9% in the 3rd quarter. Barclays PLC now owns 325,215 shares of the company's stock worth $7,779,000 after purchasing an additional 178,685 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of SentinelOne by 42.8% during the 3rd quarter. M&T Bank Corp now owns 14,583 shares of the company's stock valued at $349,000 after purchasing an additional 4,370 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of SentinelOne by 8.6% during the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company's stock valued at $107,326,000 after purchasing an additional 355,944 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on S shares. Westpark Capital cut their price target on SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Scotiabank reduced their price target on shares of SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. Barclays lowered their price objective on shares of SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. Canaccord Genuity Group reduced their target price on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Finally, Cantor Fitzgerald lowered their price target on shares of SentinelOne from $30.00 to $24.00 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 given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.21.

Insider Activity

In other news, insider Ric Smith sold 14,583 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $23.29, for a total value of $339,638.07. Following the transaction, the insider now directly owns 531,459 shares of the company's stock, valued at approximately $12,377,680.11. This represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Barbara A. Larson sold 10,172 shares of SentinelOne stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the sale, the chief financial officer now directly owns 473,223 shares of the company's stock, valued at $9,355,618.71. This trade represents a 2.10 % decrease in their position. 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 90 days. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Stock Performance

NYSE:S traded up $0.10 during mid-day trading on Tuesday, hitting $17.38. 3,362,775 shares of the company's stock traded hands, compared to its average volume of 4,972,576. The company has a fifty day moving average of $20.20 and a 200 day moving average of $23.17. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29. The company has a market capitalization of $5.73 billion, a P/E ratio of -18.48 and a beta of 0.82.

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.