SentinelOne, Inc. $S Position Reduced by American Century Companies Inc.

American Century Companies Inc. decreased its position in shares of SentinelOne, Inc. (NYSE:S) by 14.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 25,411 shares of the company’s stock after selling 4,321 shares during the quarter. American Century Companies Inc.’s holdings in SentinelOne were worth $462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of SentinelOne by 11,049.7% in the 1st quarter. GAMMA Investing LLC now owns 35,233 shares of the company’s stock worth $641,000 after buying an additional 34,917 shares in the last quarter. M&T Bank Corp raised its position in SentinelOne by 71.9% in the first quarter. M&T Bank Corp now owns 43,043 shares of the company’s stock worth $782,000 after acquiring an additional 17,998 shares in the last quarter. 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. Merit Financial Group LLC acquired a new stake in SentinelOne during the first quarter valued at approximately $250,000. Finally, Oppenheimer & Co. Inc. lifted its stake in SentinelOne by 54.5% during the first quarter. Oppenheimer & Co. Inc. now owns 51,041 shares of the company’s stock valued at $928,000 after purchasing an additional 18,009 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

S has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on SentinelOne from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Wells Fargo & Company increased their price objective on SentinelOne from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Susquehanna reduced their target price on SentinelOne from $25.00 to $24.00 and set a “positive” rating for the company in a report on Thursday, May 29th. Bank of America reaffirmed a “neutral” rating and set a $21.00 target price on shares of SentinelOne in a report on Thursday, May 29th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of SentinelOne in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.29.

SentinelOne Stock Up 3.0%

S stock opened at $18.70 on Friday. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29. The company has a market cap of $6.22 billion, a price-to-earnings ratio of -14.17 and a beta of 0.78. The company has a 50 day moving average of $17.85 and a two-hundred day moving average of $18.46.

Insider Transactions at SentinelOne

In related news, insider Keenan Michael Conder sold 5,827 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $100,865.37. Following the completion of the sale, the insider directly owned 590,505 shares in the company, valued at approximately $10,221,641.55. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 31,916 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total value of $552,465.96. Following the sale, the chief executive officer owned 1,500,460 shares of the company’s stock, valued at approximately $25,972,962.60. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,152 shares of company stock valued at $1,660,811 in the last three months. 4.33% of the stock is currently owned by insiders.

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.