Amundi Trims Stock Holdings in SentinelOne, Inc. (NYSE:S)

Amundi trimmed its holdings in SentinelOne, Inc. (NYSE:S) by 67.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,702 shares of the company’s stock after selling 325,216 shares during the period. Amundi’s holdings in SentinelOne were worth $3,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of S. Sylebra Capital LLC grew its position in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. State Street Corp grew its position in shares of SentinelOne by 11.3% during the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after purchasing an additional 516,244 shares in the last quarter. Geode Capital Management LLC grew its position in shares of SentinelOne by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after purchasing an additional 355,944 shares in the last quarter. Atreides Management LP grew its position in shares of SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after purchasing an additional 2,200,594 shares in the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in shares of SentinelOne during the 3rd quarter valued at $80,604,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

S has been the subject of several research reports. Cantor Fitzgerald cut their target price on shares of SentinelOne from $30.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday. Robert W. Baird cut their target price on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. UBS Group cut their target price on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday. Sanford C. Bernstein cut their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, Bank of America cut their target price on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.59.

SentinelOne Price Performance

Shares of NYSE S opened at $18.56 on Monday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The company’s 50-day moving average is $22.27 and its 200 day moving average is $23.97. The stock has a market capitalization of $5.96 billion, a P/E ratio of -19.74 and a beta of 0.78.

Insider Activity at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the sale, the chief accounting officer now owns 230,685 shares in the company, valued at approximately $4,509,891.75. This represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25. Following the completion of the sale, the insider now owns 531,459 shares in the company, valued at approximately $12,090,692.25. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 253,818 shares of company stock worth $5,649,659 over the last 90 days. 5.60% of the stock is owned by company insiders.

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.