BNP Paribas Financial Markets Buys New Position in SentinelOne, Inc. (NYSE:S)

BNP Paribas Financial Markets bought a new stake in shares of SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 85,853 shares of the company’s stock, valued at approximately $1,906,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in S. Barclays PLC raised its holdings in shares of SentinelOne by 121.9% during the third quarter. Barclays PLC now owns 325,215 shares of the company’s stock valued at $7,779,000 after acquiring an additional 178,685 shares in the last quarter. Franklin Resources Inc. raised its holdings in SentinelOne by 5.5% in the third quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock worth $698,000 after purchasing an additional 1,366 shares in the last quarter. Carnegie Investment Counsel bought a new position in SentinelOne in the fourth quarter worth $7,167,000. Shelton Wealth Management LLC bought a new position in SentinelOne in the fourth quarter worth $1,084,000. Finally, Wealth Management Partners LLC raised its holdings in SentinelOne by 13.7% in the fourth quarter. Wealth Management Partners LLC now owns 14,796 shares of the company’s stock worth $328,000 after purchasing an additional 1,785 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on S. Needham & Company LLC decreased their price objective on SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Barclays decreased their price objective on SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Piper Sandler decreased their price objective on SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. decreased their price objective on SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, Canaccord Genuity Group decreased their price objective on SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.13.

SentinelOne Price Performance

SentinelOne stock opened at $20.22 on Friday. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The stock has a market capitalization of $6.66 billion, a PE ratio of -21.51 and a beta of 0.81. The business’s fifty day moving average is $18.49 and its 200 day moving average is $22.05.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,584 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total value of $305,680.64. Following the transaction, the insider now directly owns 529,118 shares of the company’s stock, valued at approximately $11,090,313.28. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 81,619 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $19.59, for a total value of $1,598,916.21. Following the completion of the transaction, the chief executive officer now directly owns 879,494 shares in the company, valued at $17,229,287.46. The trade was a 8.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 432,498 shares of company stock valued at $8,136,199 over the last ninety days. Insiders own 5.60% of the company’s stock.

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.