SentinelOne, Inc. (NYSE:S) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 31.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,107 shares of the company's stock after selling 59,947 shares during the quarter. Wells Fargo & Company MN's holdings in SentinelOne were worth $2,888,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after acquiring an additional 556 shares during the period. Avion Wealth acquired a new position in shares of SentinelOne during the fourth quarter worth about $28,000. Crewe Advisors LLC purchased a new stake in shares of SentinelOne in the fourth quarter worth about $33,000. Arlington Trust Co LLC acquired a new stake in shares of SentinelOne in the fourth quarter valued at about $33,000. Finally, CIBC Private Wealth Group LLC raised 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 buying an additional 1,846 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

S has been the subject of several recent research reports. Susquehanna lowered their price objective on shares of SentinelOne from $30.00 to $25.00 and set a "positive" rating for the company in a research report on Thursday, March 13th. Morgan Stanley cut their price objective on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Scotiabank lowered their price objective on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company reduced their target price on SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, Roth Capital set a $26.00 price target on shares of SentinelOne and gave the stock a "buy" rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.13.

SentinelOne Stock Up 5.9 %

Shares of S stock opened at $17.32 on Thursday. The stock has a 50-day simple moving average of $19.15 and a 200 day simple moving average of $22.86. The stock has a market capitalization of $5.71 billion, a P/E ratio of -18.43 and a beta of 0.82. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Robin Tomasello sold 1,496 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 $29,575.92. Following the completion of the transaction, the chief accounting officer now directly owns 233,484 shares in the company, valued at approximately $4,615,978.68. This trade represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 394,991 shares of company stock worth $8,157,395. Corporate insiders own 5.60% of the company's stock.

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.

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