Legal & General Group Plc Sells 640,029 Shares of SentinelOne, Inc. (NYSE:S)

Legal & General Group Plc reduced its position in shares of SentinelOne, Inc. (NYSE:S) by 11.4% during the fourth quarter, Holdings Channel reports. The firm owned 4,980,785 shares of the company’s stock after selling 640,029 shares during the period. Legal & General Group Plc’s holdings in SentinelOne were worth $110,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in S. Norges Bank bought a new position in shares of SentinelOne during the 4th quarter worth approximately $73,528,000. Federated Hermes Inc. increased its position in shares of SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company’s stock valued at $57,787,000 after acquiring an additional 2,047,430 shares during the last quarter. Raymond James Financial Inc. bought a new stake in SentinelOne during the fourth quarter worth $26,082,000. Wellington Management Group LLP purchased a new position in SentinelOne in the third quarter worth $27,000,000. Finally, Invesco Ltd. grew its stake in SentinelOne by 18.4% in the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock valued at $128,494,000 after purchasing an additional 900,577 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 10,178 shares of SentinelOne stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $243,763.10. Following the completion of the sale, the chief executive officer now directly owns 949,504 shares of the company’s stock, valued at approximately $22,740,620.80. The trade was a 1.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Robin Tomasello sold 1,496 shares of the 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 directly owns 233,484 shares in the company, valued at approximately $4,615,978.68. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 394,991 shares of company stock worth $8,157,395. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Price Performance

Shares of NYSE:S opened at $17.52 on Friday. The firm has a fifty day moving average price of $20.46 and a two-hundred day moving average price of $23.27. The company has a market cap of $5.78 billion, a price-to-earnings ratio of -18.64 and a beta of 0.82. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on S shares. Cantor Fitzgerald cut their price target on shares of SentinelOne from $30.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Westpark Capital lowered their price objective on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Oppenheimer assumed coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 target price for the company. Piper Sandler lowered their price target on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, Scotiabank dropped their price objective on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock 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.