Vanguard Group Inc. Acquires 399,056 Shares of SentinelOne, Inc. (NYSE:S)

Vanguard Group Inc. boosted its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,881,352 shares of the company's stock after acquiring an additional 399,056 shares during the quarter. Vanguard Group Inc. owned 9.30% of SentinelOne worth $663,366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sylebra Capital LLC lifted its position in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock valued at $216,451,000 after purchasing an additional 2,282,980 shares during the period. Atreides Management LP lifted its holdings in shares of SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company's stock valued at $90,965,000 after buying an additional 2,200,594 shares during the period. Raymond James Financial Inc. bought a new stake in shares of SentinelOne in the fourth quarter worth $26,082,000. Wellington Management Group LLP purchased a new stake in SentinelOne during the third quarter valued at $27,000,000. Finally, Cinctive Capital Management LP lifted its holdings in SentinelOne by 363.0% in the third quarter. Cinctive Capital Management LP now owns 807,787 shares of the company's stock valued at $19,322,000 after acquiring an additional 633,301 shares during the period. Institutional investors own 90.87% of the company's stock.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 20,186 shares of SentinelOne stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $399,077.22. Following the completion of the sale, the chief executive officer now directly owns 900,111 shares of the company's stock, valued at $17,795,194.47. The trade was a 2.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ric Smith sold 31,659 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total value of $604,686.90. Following the completion of the sale, the insider now owns 477,271 shares of the company's stock, valued at $9,115,876.10. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 455,855 shares of company stock worth $9,528,052. 5.60% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

S has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of SentinelOne from $33.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Wells Fargo & Company decreased their price target on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Cantor Fitzgerald cut their price objective on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Guggenheim reaffirmed a "buy" rating and issued a $31.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Finally, Jefferies Financial Group lowered their target price on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.21.

SentinelOne Stock Up 1.2 %

S traded up $0.22 on Wednesday, hitting $18.83. The company had a trading volume of 2,788,370 shares, compared to its average volume of 4,886,446. The business's fifty day simple moving average is $21.54 and its 200 day simple moving average is $23.68. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The company has a market cap of $6.05 billion, a PE ratio of -20.03 and a beta of 0.78.

SentinelOne Company 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.