Alyeska Investment Group L.P. Makes New $12.23 Million Investment in SentinelOne, Inc. (NYSE:S)

Alyeska Investment Group L.P. purchased a new stake in shares of SentinelOne, Inc. (NYSE:S) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 550,934 shares of the company’s stock, valued at approximately $12,231,000.

A number of other large investors have also recently modified their holdings of the company. Barclays PLC grew its holdings in SentinelOne by 121.9% during the 3rd quarter. Barclays PLC now owns 325,215 shares of the company’s stock worth $7,779,000 after acquiring an additional 178,685 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of SentinelOne in the 3rd quarter worth approximately $67,000. Franklin Resources Inc. boosted its stake in shares of SentinelOne by 5.5% during the third quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after purchasing an additional 1,366 shares in the last quarter. Principal Financial Group Inc. raised its stake in SentinelOne by 6.4% in the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock worth $442,000 after buying an additional 1,111 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in SentinelOne by 40.5% during the fourth quarter. Diversified Trust Co now owns 47,487 shares of the company’s stock worth $1,054,000 after buying an additional 13,686 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on S. Oppenheimer started coverage on SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target on the stock. Robert W. Baird reduced their target price 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. Westpark Capital lowered their price target on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Piper Sandler reduced their price objective on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average price target of $26.13.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $17.82, for a total value of $1,084,596.48. Following the completion of the transaction, the chief executive officer now owns 1,581,396 shares of the company’s stock, valued at approximately $28,180,476.72. This represents a 3.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Barbara A. Larson sold 10,172 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $201,100.44. Following the completion of the sale, the chief financial officer now directly owns 473,223 shares in the company, valued at approximately $9,355,618.71. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 502,136 shares of company stock valued at $9,896,262 in the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Stock Performance

Shares of NYSE S opened at $18.91 on Tuesday. The company has a market capitalization of $6.23 billion, a PE ratio of -20.12 and a beta of 0.81. The company’s fifty day moving average price is $18.50 and its 200 day moving average price is $22.43. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29.

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.