SentinelOne, Inc. (NYSE:S) Stake Lessened by TrueMark Investments LLC

TrueMark Investments LLC decreased its holdings in shares of SentinelOne, Inc. (NYSE:S) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,344 shares of the company’s stock after selling 5,096 shares during the quarter. TrueMark Investments LLC’s holdings in SentinelOne were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of S. Sylebra Capital LLC lifted its position in SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after buying an additional 2,282,980 shares in the last quarter. Atreides Management LP raised its holdings in shares of SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after acquiring an additional 2,200,594 shares in the last quarter. Raymond James Financial Inc. acquired a new position in SentinelOne in the 4th quarter worth about $26,082,000. Wellington Management Group LLP purchased a new stake in shares of SentinelOne during the 3rd quarter worth about $27,000,000. Finally, Thematics Asset Management acquired a new stake in shares of SentinelOne during the 3rd quarter valued at about $22,963,000. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Trading Up 0.3 %

Shares of NYSE:S opened at $20.17 on Wednesday. The firm has a market capitalization of $6.48 billion, a PE ratio of -21.46 and a beta of 0.78. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The business’s 50 day moving average is $21.87 and its 200-day moving average is $23.79.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $19.17, for a total value of $1,166,762.88. Following the sale, the chief executive officer now owns 920,297 shares of the company’s stock, valued at $17,642,093.49. The trade was a 6.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ric Smith sold 31,659 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total value of $604,686.90. Following the completion of the sale, the insider now owns 477,271 shares in the company, valued at $9,115,876.10. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,960 shares of company stock valued at $9,020,025 over the last ninety days. 5.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on S shares. Scotiabank cut their price objective on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. UBS Group cut their price target on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Sanford C. Bernstein decreased their price objective on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Canaccord Genuity Group cut their target price on SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Finally, Jefferies Financial Group decreased their price target on SentinelOne from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

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.