IFP Advisors Inc raised its holdings in shares of SentinelOne, Inc. (NYSE:S – Free Report) by 20.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,550 shares of the company’s stock after purchasing an additional 1,591 shares during the period. IFP Advisors Inc’s holdings in SentinelOne were worth $175,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Trifecta Capital Advisors LLC bought a new position in SentinelOne during the 2nd quarter valued at approximately $77,000. Vontobel Holding Ltd. raised its position in SentinelOne by 191.8% during the 2nd quarter. Vontobel Holding Ltd. now owns 915,170 shares of the company’s stock valued at $16,729,000 after purchasing an additional 601,511 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in SentinelOne by 9.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 61,800 shares of the company’s stock valued at $1,130,000 after purchasing an additional 5,435 shares during the last quarter. Meitav Investment House Ltd. raised its position in SentinelOne by 15.1% during the 2nd quarter. Meitav Investment House Ltd. now owns 72,855 shares of the company’s stock valued at $1,320,000 after purchasing an additional 9,575 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in SentinelOne by 74.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,891 shares of the company’s stock valued at $528,000 after purchasing an additional 12,359 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.
SentinelOne Stock Down 0.9%
SentinelOne stock opened at $16.68 on Friday. The company has a market capitalization of $5.56 billion, a P/E ratio of -12.63 and a beta of 0.76. The stock’s 50 day moving average is $17.65 and its 200 day moving average is $18.05. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29.
Insider Buying and Selling
In other SentinelOne news, insider Keenan Michael Conder sold 11,098 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $207,421.62. Following the sale, the insider directly owned 579,407 shares in the company, valued at approximately $10,829,116.83. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 57,941 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $18.02, for a total value of $1,044,096.82. Following the sale, the chief executive officer owned 1,283,939 shares in the company, valued at approximately $23,136,580.78. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 453,277 shares of company stock worth $8,228,904 over the last three months. Corporate insiders own 4.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. DA Davidson upped their price target on SentinelOne from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Needham & Company LLC increased their target price on SentinelOne from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Jefferies Financial Group increased their target price on SentinelOne from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Barclays increased their target price on SentinelOne from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Finally, Citigroup reissued a “neutral” rating on shares of SentinelOne in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.26.
Read Our Latest Research Report on S
SentinelOne 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.
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