Barclays PLC Lowers Stake in SentinelOne, Inc. (NYSE:S)

Barclays PLC lessened its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,308 shares of the company's stock after selling 22,907 shares during the period. Barclays PLC owned 0.09% of SentinelOne worth $6,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of SentinelOne during the 3rd quarter worth approximately $67,000. 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 purchasing an additional 1,366 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of SentinelOne by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock worth $442,000 after buying an additional 1,111 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of SentinelOne during the 4th quarter worth $48,000. Finally, Diversified Trust Co boosted its stake in SentinelOne by 40.5% in the fourth quarter. Diversified Trust Co now owns 47,487 shares of the company's stock valued at $1,054,000 after buying an additional 13,686 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Price Performance

Shares of SentinelOne stock traded up $0.44 on Friday, reaching $18.42. 2,866,222 shares of the company traded hands, compared to its average volume of 4,993,154. The firm has a market capitalization of $6.07 billion, a PE ratio of -19.60 and a beta of 0.82. The company has a 50 day moving average of $18.89 and a 200 day moving average of $22.74. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29.

Insiders Place Their Bets

In other news, insider Ric Smith sold 10,624 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $210,036.48. Following the sale, the insider now directly owns 488,122 shares in the company, valued at $9,650,171.94. This represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 60,864 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $17.82, for a total transaction of $1,084,596.48. Following the transaction, the chief executive officer now directly owns 1,581,396 shares of the company's stock, valued at approximately $28,180,476.72. This represents a 3.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 516,719 shares of company stock valued at $10,235,900 over the last ninety days. 5.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

S has been the topic of a number of research analyst reports. Roth Capital set a $26.00 price target on shares of SentinelOne and gave the company a "buy" rating in a research note on Tuesday. Stephens assumed coverage on SentinelOne in a report on Tuesday, April 1st. They set an "overweight" rating and a $25.00 price objective on the stock. Piper Sandler lowered their target price on SentinelOne from $32.00 to $28.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. reduced their price target on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Finally, Susquehanna dropped their price objective on shares of SentinelOne from $30.00 to $25.00 and set a "positive" rating for the company in a report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $26.13.

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.