Clearbridge Investments LLC Buys 15,711 Shares of SentinelOne, Inc. (NYSE:S)

Clearbridge Investments LLC raised its stake in shares of SentinelOne, Inc. (NYSE:S) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,552,471 shares of the company’s stock after acquiring an additional 15,711 shares during the period. Clearbridge Investments LLC’s holdings in SentinelOne were worth $56,665,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of S. Erste Asset Management GmbH bought a new position in shares of SentinelOne in the third quarter valued at approximately $4,816,000. Carnegie Investment Counsel bought a new position in SentinelOne in the 4th quarter valued at $7,167,000. Franklin Resources Inc. increased its position in shares of SentinelOne by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after purchasing an additional 1,366 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of 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 period. Finally, Ashford Capital Management Inc. boosted its holdings in shares of SentinelOne by 72.7% in the 3rd quarter. Ashford Capital Management Inc. now owns 658,435 shares of the company’s stock worth $15,750,000 after buying an additional 277,235 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Trading Down 3.4 %

Shares of S opened at $18.19 on Tuesday. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The company has a market cap of $5.85 billion, a PE ratio of -19.35 and a beta of 0.78. The stock has a 50-day moving average price of $21.62 and a 200-day moving average price of $23.71.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the transaction, the insider now directly owns 531,459 shares of the company’s stock, valued at approximately $12,377,680.11. This trade represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the completion of the sale, the chief executive officer now owns 959,682 shares of the company’s stock, valued at approximately $21,612,038.64. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 455,855 shares of company stock worth $9,528,052 over the last three months. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on S. Needham & Company LLC lowered their price objective on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Scotiabank lowered their price target on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Morgan Stanley began coverage on SentinelOne in a report on Tuesday, March 18th. They set an “equal weight” rating and a $20.00 price objective for the company. Sanford C. Bernstein lowered their target price on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Piper Sandler dropped their price target on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.26.

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.