Wellington Management Group LLP Grows Position in SentinelOne, Inc. (NYSE:S)

Wellington Management Group LLP raised its position in SentinelOne, Inc. (NYSE:S - Free Report) by 27.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,443,286 shares of the company's stock after purchasing an additional 314,506 shares during the period. Wellington Management Group LLP owned 0.45% of SentinelOne worth $32,041,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 556 shares in the last quarter. Bullseye Asset Management LLC lifted its position in shares of SentinelOne by 1.5% during the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company's stock valued at $1,605,000 after acquiring an additional 1,000 shares during the period. MetLife Investment Management LLC boosted its stake in SentinelOne by 17.4% during the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company's stock worth $163,000 after acquiring an additional 1,012 shares in 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 acquiring an additional 1,022 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in SentinelOne by 48.1% in the fourth quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company's stock worth $73,000 after purchasing an additional 1,067 shares during the period. 90.87% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on S shares. Scotiabank cut their price objective 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. Needham & Company LLC cut their price target on SentinelOne from $32.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Piper Sandler lowered their target price on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Westpark Capital reduced their price target on shares of SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company decreased their price target on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.21.

SentinelOne Stock Up 0.4 %

S traded up $0.08 during trading hours on Friday, hitting $17.59. The stock had a trading volume of 5,592,824 shares, compared to its average volume of 4,972,235. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The company's fifty day simple moving average is $20.33 and its 200 day simple moving average is $23.22. The stock has a market cap of $5.80 billion, a PE ratio of -18.71 and a beta of 0.82.

Insiders Place Their Bets

In related news, insider Ric Smith sold 31,659 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total transaction of $604,686.90. Following the sale, the insider now owns 477,271 shares of the company's stock, valued at approximately $9,115,876.10. This represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Barbara A. Larson sold 10,172 shares of the firm's 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 completion of the transaction, the chief financial officer now owns 473,223 shares of the company's stock, valued at approximately $9,355,618.71. This represents a 2.10 % 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 quarter. 5.60% of the stock is currently owned by company insiders.

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.