Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,650 shares of the company's stock after buying an additional 30,554 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in SentinelOne were worth $3,433,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of SentinelOne by 86.6% during the 4th 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 stake in SentinelOne during the 4th quarter valued at $28,000. Crewe Advisors LLC purchased a new position in shares of SentinelOne during the fourth quarter valued at $33,000. Arlington Trust Co LLC bought a new position in SentinelOne during the 4th quarter worth about $33,000. Finally, Modus Advisors LLC purchased a new stake in shares of SentinelOne in the 4th quarter worth approximately $48,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at SentinelOne
In related news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $21,612,038.64. The trade was a 5.96 % 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 14,583 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the sale, the insider now owns 531,459 shares in the company, valued at approximately $12,090,692.25. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 253,818 shares of company stock valued at $5,649,659 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on S. Westpark Capital decreased their price objective on SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Oppenheimer began coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price target for the company. Scotiabank cut their price objective on shares of SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley began coverage on shares of SentinelOne in a research report on Tuesday. They set an "equal weight" rating and a $20.00 target price for the company. Finally, UBS Group dropped their price target on SentinelOne from $25.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, SentinelOne currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.
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SentinelOne Stock Performance
S traded up $0.11 on Wednesday, hitting $19.48. 4,206,069 shares of the company were exchanged, compared to its average volume of 5,128,187. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The firm has a market capitalization of $6.26 billion, a P/E ratio of -20.72 and a beta of 0.78. The business's fifty day moving average is $22.13 and its 200 day moving average is $23.90.
SentinelOne Company Profile
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Free Report)
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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