IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 100,541 Shares of SentinelOne, Inc. (NYSE:S)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in shares of SentinelOne, Inc. (NYSE:S) by 31.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,844 shares of the company’s stock after selling 100,541 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in SentinelOne were worth $4,814,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Erste Asset Management GmbH acquired a new stake in shares of SentinelOne in the third quarter valued at approximately $4,816,000. Charles Schwab Investment Management Inc. raised its position in shares of SentinelOne by 55.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after acquiring an additional 921,572 shares during the last quarter. Carnegie Investment Counsel acquired a new position in shares of SentinelOne during the fourth quarter valued at $7,167,000. Franklin Resources Inc. boosted its holdings in SentinelOne by 5.5% in the third quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after acquiring an additional 1,366 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in SentinelOne by 74.8% during the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company’s stock worth $1,269,000 after purchasing an additional 24,453 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ric Smith sold 2,341 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $56,066.95. Following the transaction, the insider now directly owns 529,118 shares in the company, valued at $12,672,376.10. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $19.17, for a total transaction of $1,166,762.88. Following the completion of the sale, the chief executive officer now owns 920,297 shares of the company’s stock, valued at $17,642,093.49. This trade represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 413,377 shares of company stock valued at $8,688,262 in the last quarter. 5.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on S shares. Barclays reduced their target price on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. Oppenheimer assumed coverage on shares of SentinelOne in a report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 target price for the company. Canaccord Genuity Group cut their price target on SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Citigroup reduced their price target on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Finally, Robert W. Baird dropped their price objective on SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

SentinelOne Stock Performance

NYSE:S opened at $19.86 on Thursday. The stock has a 50-day simple moving average of $21.83 and a 200 day simple moving average of $23.76. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29. The company has a market cap of $6.38 billion, a PE ratio of -21.13 and a beta of 0.78.

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.