Daiwa Securities Group Inc. Reduces Holdings in SentinelOne, Inc. (NYSE:S)

Daiwa Securities Group Inc. lessened its position in shares of SentinelOne, Inc. (NYSE:S) by 19.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,851 shares of the company’s stock after selling 671 shares during the quarter. Daiwa Securities Group Inc.’s holdings in SentinelOne were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after buying an additional 556 shares during the last quarter. Avion Wealth bought a new stake in shares of SentinelOne during the 4th quarter valued at $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne during the 4th quarter valued at $33,000. Arlington Trust Co LLC bought a new stake in shares of SentinelOne during the 4th quarter valued at $33,000. Finally, Modus Advisors LLC bought a new stake in shares of SentinelOne during the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on S shares. Jefferies Financial Group decreased their price objective on SentinelOne from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company decreased their price objective on SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Westpark Capital decreased their price objective on SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Oppenheimer initiated coverage on SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 target price on the stock. Finally, Canaccord Genuity Group decreased their target price on SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.59.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 39,477 shares of SentinelOne stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $771,775.35. Following the completion of the transaction, the chief executive officer now owns 900,249 shares in the company, valued at approximately $17,599,867.95. The trade was a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Monday, January 27th. The shares were sold at an average price of $23.29, for a total value of $339,638.07. Following the transaction, the insider now owns 531,459 shares of the company’s stock, valued at $12,377,680.11. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,818 shares of company stock valued at $5,649,659. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

Shares of NYSE:S opened at $18.99 on Tuesday. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29. The firm has a market capitalization of $6.10 billion, a P/E ratio of -20.20 and a beta of 0.78. The stock has a 50 day moving average price of $22.19 and a 200-day moving average price of $23.93.

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.