SentinelOne, Inc. (NYSE:S) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 57.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,238 shares of the company's stock after selling 31,757 shares during the period. Cerity Partners LLC's holdings in SentinelOne were worth $518,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in S. Smartleaf Asset Management LLC raised its stake in shares of 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 acquiring an additional 556 shares during the last quarter. Avion Wealth bought a new position in SentinelOne in the 4th quarter valued at $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne during the fourth quarter worth $33,000. Arlington Trust Co LLC bought a new position in shares of SentinelOne in the 4th quarter valued at about $33,000. Finally, CIBC Private Wealth Group LLC grew its position 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 worth $46,000 after buying an additional 1,846 shares during the period. Institutional investors own 90.87% of the company's stock.

Insider Activity

In related news, CEO Tomer Weingarten sold 70,642 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the transaction, the chief executive officer now directly owns 939,726 shares of the company's stock, valued at approximately $22,760,163.72. This trade represents a 6.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 1,496 shares of the business'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 sale, the chief accounting officer now owns 233,484 shares of the company's stock, valued at $4,615,978.68. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 455,855 shares of company stock valued at $9,151,304 in the last three months. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Robert W. Baird decreased their target price on SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Bank of America decreased their target price on shares of SentinelOne from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Westpark Capital lowered their target price on SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley reduced their price target on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Canaccord Genuity Group dropped their price objective on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, SentinelOne currently has an average rating of "Moderate Buy" and a consensus price target of $26.13.

SentinelOne Stock Up 3.8 %

Shares of S traded up $0.66 during mid-day trading on Thursday, reaching $17.97. The company had a trading volume of 3,519,104 shares, compared to its average volume of 4,972,091. The stock has a 50 day moving average of $19.15 and a two-hundred day moving average of $22.86. The stock has a market capitalization of $5.92 billion, a P/E ratio of -19.12 and a beta of 0.82. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29.

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.