XTX Topco Ltd Buys Shares of 30,040 SentinelOne, Inc. (NYSE:S)

XTX Topco Ltd purchased a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,040 shares of the company's stock, valued at approximately $667,000.

Several other institutional investors have also recently made changes to their positions in S. Vanguard Group Inc. raised its holdings in shares of SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company's stock valued at $663,366,000 after purchasing an additional 399,056 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of SentinelOne by 18.4% during the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock worth $128,494,000 after acquiring an additional 900,577 shares during the period. Geode Capital Management LLC raised its holdings in SentinelOne by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 4,555,878 shares of the company's stock valued at $101,175,000 after buying an additional 70,282 shares during the period. Norges Bank acquired a new position in SentinelOne during the 4th quarter worth approximately $73,528,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in SentinelOne by 17.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,771,203 shares of the company's stock valued at $61,521,000 after purchasing an additional 412,138 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on S. Bank of America decreased their price target on SentinelOne from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Morgan Stanley reduced their target price on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Needham & Company LLC reduced their price target 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. Piper Sandler decreased their price objective on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Roth Capital set a $26.00 price objective on SentinelOne and gave the stock a "buy" rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.13.

SentinelOne Price Performance

Shares of S stock traded up $0.59 on Thursday, hitting $17.90. 901,928 shares of the stock traded hands, compared to its average volume of 5,037,472. The firm has a 50 day simple moving average of $19.15 and a two-hundred day simple moving average of $22.86. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of -19.04 and a beta of 0.82.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 31,659 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total value of $604,686.90. Following the completion of the transaction, the insider now directly owns 477,271 shares of the company's stock, valued at $9,115,876.10. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total value of $1,710,949.24. Following the sale, the chief executive officer now directly owns 939,726 shares of the company's stock, valued at approximately $22,760,163.72. This represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 394,991 shares of company stock valued at $8,157,395. 5.60% of the stock is owned by corporate insiders.

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.