Foster Dykema Cabot & Partners LLC Takes $40,000 Position in SentinelOne, Inc. (NYSE:S)

Foster Dykema Cabot & Partners LLC acquired a new position in shares of SentinelOne, Inc. (NYSE:S) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,804 shares of the company’s stock, valued at approximately $40,000.

A number of other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after purchasing an additional 556 shares during the period. Avion Wealth bought a new position in SentinelOne in the fourth quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new position in shares of SentinelOne in the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC bought a new stake in shares of SentinelOne during the fourth quarter worth $33,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of SentinelOne by 866.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company’s stock worth $46,000 after acquiring an additional 1,846 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on S. Needham & Company LLC reduced their target price on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Bank of America decreased their price objective on SentinelOne from $29.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Piper Sandler dropped their target price on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Morgan Stanley reduced their price target on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Cantor Fitzgerald decreased their price target on shares of SentinelOne from $30.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $26.14.

SentinelOne Price Performance

S stock opened at $16.82 on Friday. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of -17.89 and a beta of 0.82. The company has a 50 day simple moving average of $19.78 and a 200 day simple moving average of $23.04. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 20,186 shares of SentinelOne stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $399,077.22. Following the sale, the chief executive officer now directly owns 900,111 shares of the company’s stock, valued at approximately $17,795,194.47. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 31,659 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 477,271 shares of the company’s stock, valued at $9,115,876.10. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 394,991 shares of company stock valued at $8,157,395. 5.60% of the stock is currently owned by insiders.

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.