Perennial Investment Advisors LLC Buys 1,893 Shares of SentinelOne, Inc. (NYSE:S)

Perennial Investment Advisors LLC raised its stake in SentinelOne, Inc. (NYSE:S) by 20.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,340 shares of the company’s stock after buying an additional 1,893 shares during the period. Perennial Investment Advisors LLC’s holdings in SentinelOne were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of S. Smartleaf Asset Management LLC boosted its position in 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 buying an additional 556 shares during the period. Avion Wealth bought a new position in shares of SentinelOne during the fourth quarter valued at $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne in the fourth quarter worth $33,000. Arlington Trust Co LLC bought a new stake in shares of SentinelOne in the fourth quarter worth $33,000. Finally, CIBC Private Wealth Group LLC increased its holdings in SentinelOne by 866.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company’s stock valued at $46,000 after purchasing an additional 1,846 shares during the period. Institutional investors own 90.87% of the company’s stock.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction 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 sale, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $21,612,038.64. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Robin Tomasello sold 1,496 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $29,575.92. Following the completion of the transaction, the chief accounting officer now owns 233,484 shares of the company’s stock, valued at $4,615,978.68. This trade represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 455,855 shares of company stock valued at $9,528,052 over the last ninety days. 5.60% of the stock is currently owned by insiders.

SentinelOne Stock Performance

Shares of NYSE S opened at $16.96 on Monday. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of -18.04 and a beta of 0.82. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The firm’s 50-day simple moving average is $21.23 and its 200 day simple moving average is $23.55.

Wall Street Analyst Weigh In

Several brokerages have commented on S. JPMorgan Chase & Co. cut their target price on SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Scotiabank reduced their target price on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Robert W. Baird lowered their price target on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Citigroup reduced their price objective on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Finally, Stephens began coverage on shares of SentinelOne in a research note on Tuesday, April 1st. They set an “overweight” rating and a $25.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

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.