Voya Investment Management LLC Sells 423,449 Shares of SentinelOne, Inc. (NYSE:S)

Voya Investment Management LLC lessened its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,847,844 shares of the company's stock after selling 423,449 shares during the quarter. Voya Investment Management LLC owned 2.44% of SentinelOne worth $174,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of SentinelOne by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company's stock valued at $663,366,000 after acquiring an additional 399,056 shares during the period. Invesco Ltd. increased its holdings in SentinelOne by 18.4% during the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock valued at $128,494,000 after purchasing an additional 900,577 shares during the period. Marshall Wace LLP raised its position in SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock valued at $106,447,000 after purchasing an additional 4,206,900 shares during the last quarter. Geode Capital Management LLC lifted its holdings in SentinelOne by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 4,555,878 shares of the company's stock worth $101,175,000 after buying an additional 70,282 shares during the period. Finally, Champlain Investment Partners LLC increased its stake in shares of SentinelOne by 34.6% during the fourth quarter. Champlain Investment Partners LLC now owns 4,534,294 shares of the company's stock valued at $100,661,000 after buying an additional 1,164,541 shares during the period. 90.87% of the stock is owned by institutional investors.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 60,864 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 14,583 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $23.29, for a total value of $339,638.07. Following the sale, the insider now directly owns 531,459 shares of the company's stock, valued at $12,377,680.11. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 516,719 shares of company stock valued at $10,235,900. Insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on S. Jefferies Financial Group reduced their price objective on shares of SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Westpark Capital decreased their price objective on SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Robert W. Baird lowered their price objective on SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Barclays cut their target price on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Finally, Needham & Company LLC decreased their price objective on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Seven investment 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.13.

SentinelOne Price Performance

Shares of NYSE S traded up $0.44 during midday trading on Friday, reaching $18.42. 2,866,222 shares of the stock traded hands, compared to its average volume of 4,993,154. The company's 50 day moving average is $18.89 and its 200 day moving average is $22.76. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The stock has a market capitalization of $6.07 billion, a PE ratio of -19.60 and a beta of 0.82.

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.