Royal Bank of Canada Has $6.32 Million Stock Holdings in SentinelOne, Inc. (NYSE:S)

Royal Bank of Canada increased its position in SentinelOne, Inc. (NYSE:S – Get Rating) by 1,348.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 247,151 shares of the company’s stock after purchasing an additional 230,092 shares during the quarter. Royal Bank of Canada’s holdings in SentinelOne were worth $6,316,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. grew its stake in shares of SentinelOne by 53,600.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 53,700 shares of the company’s stock valued at $1,373,000 after buying an additional 53,600 shares during the period. Cubist Systematic Strategies LLC lifted its position in SentinelOne by 295.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 350,220 shares of the company’s stock valued at $8,952,000 after acquiring an additional 261,636 shares in the last quarter. Renaissance Technologies LLC lifted its position in SentinelOne by 30.7% in the 3rd quarter. Renaissance Technologies LLC now owns 474,900 shares of the company’s stock valued at $12,138,000 after acquiring an additional 111,600 shares in the last quarter. Verition Fund Management LLC bought a new position in SentinelOne in the 3rd quarter valued at about $1,342,000. Finally, Lazard Asset Management LLC bought a new position in SentinelOne in the 3rd quarter valued at about $31,000. 79.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SentinelOne

In other news, insider Keenan Michael Conder sold 1,724 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $16.57, for a total transaction of $28,566.68. Following the completion of the transaction, the insider now directly owns 368,599 shares in the company, valued at approximately $6,107,685.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Ric Smith sold 2,560 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $15.40, for a total transaction of $39,424.00. Following the completion of the transaction, the chief technology officer now directly owns 89,376 shares in the company, valued at approximately $1,376,390.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keenan Michael Conder sold 1,724 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $16.57, for a total transaction of $28,566.68. Following the completion of the transaction, the insider now owns 368,599 shares of the company’s stock, valued at $6,107,685.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 421,460 shares of company stock worth $6,463,357. Corporate insiders own 7.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on S shares. Needham & Company LLC dropped their price target on shares of SentinelOne from $28.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, December 7th. Piper Sandler dropped their price target on shares of SentinelOne from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, January 5th. Redburn Partners assumed coverage on shares of SentinelOne in a research report on Thursday, December 1st. They issued a “neutral” rating and a $18.00 price target on the stock. Westpark Capital assumed coverage on shares of SentinelOne in a research report on Tuesday, February 14th. They set a “buy” rating and a $22.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of SentinelOne in a research report on Tuesday, January 24th. They set an “overweight” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, SentinelOne currently has an average rating of “Hold” and a consensus price target of $22.08.

SentinelOne Trading Down 4.7 %

SentinelOne stock opened at $13.91 on Monday. SentinelOne, Inc. has a 1-year low of $12.69 and a 1-year high of $42.84. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of -10.70 and a beta of 0.50. The firm has a 50 day simple moving average of $15.14 and a 200 day simple moving average of $18.89.

About SentinelOne

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.