SentinelOne, Inc. (NYSE:S) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its position in shares of SentinelOne, Inc. (NYSE:S) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 122,674 shares of the company’s stock after acquiring an additional 2,590 shares during the quarter. Treasurer of the State of North Carolina’s holdings in SentinelOne were worth $2,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in S. Smartleaf Asset Management LLC raised its holdings in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares during the last quarter. Avion Wealth acquired a new stake in shares of SentinelOne in the fourth quarter valued at approximately $28,000. Crewe Advisors LLC purchased a new position in SentinelOne during the fourth quarter worth approximately $33,000. Arlington Trust Co LLC purchased a new position in SentinelOne during the fourth quarter worth approximately $33,000. Finally, CIBC Private Wealth Group LLC boosted its stake in SentinelOne by 866.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company’s stock worth $46,000 after buying an additional 1,846 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group cut their target price on SentinelOne from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, March 31st. JPMorgan Chase & Co. reduced their target price on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Stephens began coverage on shares of SentinelOne in a report on Tuesday, April 1st. They issued an “overweight” rating and a $25.00 target price on the stock. Westpark Capital cut their price target on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Finally, Scotiabank decreased their price objective on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.14.

SentinelOne Trading Down 1.7 %

SentinelOne stock opened at $17.08 on Thursday. The firm has a market capitalization of $5.63 billion, a P/E ratio of -18.17 and a beta of 0.82. The stock’s fifty day simple moving average is $19.93 and its 200-day simple moving average is $23.09. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29.

Insider Buying and Selling

In other news, insider Ric Smith sold 31,659 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 477,271 shares in the company, valued at approximately $9,115,876.10. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 70,642 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the transaction, the chief executive officer now owns 939,726 shares of the company’s stock, valued at approximately $22,760,163.72. The trade was a 6.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 394,991 shares of company stock valued at $8,157,395 in the last three months. 5.60% of the stock is owned by corporate insiders.

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.