Marshall Wace LLP Acquires 4,206,900 Shares of SentinelOne, Inc. (NYSE:S)

Marshall Wace LLP lifted its holdings in SentinelOne, Inc. (NYSE:S) by 715.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,794,908 shares of the company’s stock after purchasing an additional 4,206,900 shares during the period. Marshall Wace LLP’s holdings in SentinelOne were worth $106,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares during the period. Avion Wealth bought a new position in shares of SentinelOne in the fourth quarter worth about $28,000. Crewe Advisors LLC purchased a new position in SentinelOne in the 4th quarter worth about $33,000. Arlington Trust Co LLC purchased a new position in SentinelOne in the 4th quarter worth about $33,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in SentinelOne by 866.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company’s stock valued at $46,000 after buying an additional 1,846 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on S. Susquehanna reduced their target price on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a research report on Thursday, March 13th. Robert W. Baird reduced their price objective on SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Cantor Fitzgerald decreased their target price on SentinelOne from $30.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Citigroup dropped their price target on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. decreased their price objective on SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.14.

SentinelOne Stock Performance

Shares of S stock opened at $17.08 on Thursday. 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 $5.63 billion, a price-to-earnings ratio of -18.17 and a beta of 0.82. The stock’s 50-day simple moving average is $19.93 and its 200-day simple moving average is $23.09.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 20,186 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $399,077.22. Following the transaction, the chief executive officer now directly owns 900,111 shares of the company’s stock, valued at approximately $17,795,194.47. This represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ric Smith sold 2,341 shares of SentinelOne stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.95, for a total value of $56,066.95. Following the sale, the insider now directly owns 529,118 shares of the company’s stock, valued at $12,672,376.10. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 394,991 shares of company stock worth $8,157,395 in the last three months. Corporate insiders own 5.60% of the company’s stock.

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.