SentinelOne, Inc. $S Stake Lessened by Amundi

Amundi cut its holdings in shares of SentinelOne, Inc. (NYSE:S) by 0.7% in the 1st quarter, Holdings Channel reports. The firm owned 157,552 shares of the company’s stock after selling 1,150 shares during the period. Amundi’s holdings in SentinelOne were worth $2,822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in SentinelOne by 4.4% during the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock valued at $567,214,000 after purchasing an additional 1,318,533 shares during the last quarter. Sylebra Capital LLC lifted its stake in SentinelOne by 6.2% during the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock valued at $213,415,000 after purchasing an additional 564,327 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in SentinelOne by 92.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock valued at $96,898,000 after purchasing an additional 2,558,702 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in SentinelOne by 12.3% during the first quarter. Champlain Investment Partners LLC now owns 5,090,042 shares of the company’s stock valued at $92,537,000 after purchasing an additional 555,748 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in SentinelOne by 36.2% during the first quarter. Federated Hermes Inc. now owns 3,544,338 shares of the company’s stock valued at $64,436,000 after purchasing an additional 941,302 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Westpark Capital reissued a “buy” rating and set a $25.00 target price on shares of SentinelOne in a research note on Friday, August 29th. Sanford C. Bernstein upped their price target on shares of SentinelOne from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $19.00 price target (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Robert W. Baird upped their price target on shares of SentinelOne from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, BTIG Research restated a “neutral” rating on shares of SentinelOne in a research report on Monday, August 25th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.29.

SentinelOne Stock Performance

SentinelOne stock opened at $18.47 on Friday. The firm has a market cap of $6.16 billion, a PE ratio of -13.99 and a beta of 0.78. The firm’s 50 day moving average price is $17.85 and its two-hundred day moving average price is $18.34. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 24,515 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $458,185.35. Following the transaction, the insider owned 951,541 shares in the company, valued at approximately $17,784,301.29. This represents a 2.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robin Tomasello sold 8,508 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $159,014.52. Following the transaction, the chief accounting officer owned 297,536 shares in the company, valued at $5,560,947.84. This represents a 2.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 177,959 shares of company stock worth $3,203,064 in the last 90 days. 4.33% of the stock is owned by corporate insiders.

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.