Rockefeller Capital Management L.P. decreased its holdings in shares of SentinelOne, Inc. (NYSE:S – Free Report) by 10.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 688,895 shares of the company’s stock after selling 83,571 shares during the period. Rockefeller Capital Management L.P.’s holdings in SentinelOne were worth $10,333,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of S. Allworth Financial LP lifted its position in SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after buying an additional 726 shares during the last quarter. Strategic Advocates LLC bought a new position in SentinelOne in the 3rd quarter worth about $26,000. Danske Bank A S bought a new position in SentinelOne in the third quarter worth approximately $26,000. MAI Capital Management grew its position in shares of SentinelOne by 121.2% during the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock worth $32,000 after buying an additional 1,000 shares in the last quarter. Finally, Assetmark Inc. increased its position in SentinelOne by 700.8% during the 4th quarter. Assetmark Inc. now owns 1,906 shares of the company’s stock valued at $29,000 after purchasing an additional 1,668 shares during the period. 90.87% of the stock is owned by institutional investors.
SentinelOne Stock Performance
Shares of S stock opened at $15.12 on Thursday. SentinelOne, Inc. has a fifty-two week low of $11.81 and a fifty-two week high of $21.40. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of -15.75 and a beta of 0.83. The stock’s 50-day simple moving average is $15.76 and its 200-day simple moving average is $14.63.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Stephens cut their price target on SentinelOne from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. TD Cowen reaffirmed a “buy” rating on shares of SentinelOne in a research report on Friday, May 29th. Oppenheimer boosted their price objective on shares of SentinelOne from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Wells Fargo & Company raised their target price on shares of SentinelOne from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Finally, DA Davidson cut their price target on shares of SentinelOne from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and an average target price of $19.67.
Insiders Place Their Bets
In other news, insider Keenan Michael Conder sold 8,401 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $15.70, for a total transaction of $131,895.70. Following the sale, the insider directly owned 982,732 shares of the company’s stock, valued at $15,428,892.40. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Barry L. Padgett sold 15,460 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $13.41, for a total value of $207,318.60. Following the completion of the transaction, the chief operating officer directly owned 628,190 shares in the company, valued at approximately $8,424,027.90. The trade was a 2.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 466,896 shares of company stock valued at $7,078,334. Corporate insiders own 4.27% of the company’s stock.
SentinelOne Company Profile
SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.
The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.
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