SentinelOne, Inc. (NYSE:S) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC lifted its position in shares of SentinelOne, Inc. (NYSE:S) by 43.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 31,987 shares of the company’s stock after purchasing an additional 9,652 shares during the period. Truvestments Capital LLC’s holdings in SentinelOne were worth $710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Amalgamated Bank grew its stake in shares of SentinelOne by 14.3% during the third quarter. Amalgamated Bank now owns 14,886 shares of the company’s stock valued at $356,000 after acquiring an additional 1,857 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of SentinelOne by 6.4% during the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock worth $442,000 after purchasing an additional 1,111 shares during the last quarter. Covestor Ltd lifted its position in shares of SentinelOne by 649.3% during the third quarter. Covestor Ltd now owns 3,267 shares of the company’s stock worth $78,000 after purchasing an additional 2,831 shares during the last quarter. WCM Investment Management LLC bought a new position in shares of SentinelOne during the third quarter worth about $13,342,000. Finally, Rakuten Securities Inc. lifted its position in shares of SentinelOne by 93.0% during the third quarter. Rakuten Securities Inc. now owns 35,462 shares of the company’s stock worth $848,000 after purchasing an additional 17,092 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the transaction, the insider now owns 531,459 shares of the company’s stock, valued at approximately $12,090,692.25. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,782,850.68. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 314,682 shares of company stock worth $7,094,571. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group cut shares of SentinelOne from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $25.00 in a research report on Wednesday, January 15th. Westpark Capital cut their target price on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Scotiabank raised their target price on shares of SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, December 5th. Finally, Barclays cut their target price on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.78.

SentinelOne Price Performance

Shares of S opened at $18.73 on Wednesday. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The company has a 50-day moving average of $22.50 and a two-hundred day moving average of $24.10. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of -19.92 and a beta of 0.78.

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.