SentinelOne, Inc. (NYSE:S) Shares Purchased by BlackRock Inc.

BlackRock Inc. increased its holdings in shares of SentinelOne, Inc. (NYSE:S – Get Rating) by 9.8% in the third quarter, Holdings Channel reports. The firm owned 9,044,058 shares of the company’s stock after acquiring an additional 804,196 shares during the period. BlackRock Inc.’s holdings in SentinelOne were worth $231,166,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in S. Advisors Asset Management Inc. acquired a new stake in SentinelOne during the 1st quarter valued at $43,000. Lazard Asset Management LLC acquired a new stake in shares of SentinelOne during the third quarter valued at about $31,000. Gordian Capital Singapore Pte Ltd increased its position in shares of SentinelOne by 1,881.2% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 2,001 shares of the company’s stock worth $47,000 after acquiring an additional 1,900 shares during the last quarter. American International Group Inc. acquired a new position in shares of SentinelOne in the second quarter worth about $56,000. Finally, PNC Financial Services Group Inc. purchased a new position in SentinelOne in the first quarter valued at about $108,000. 79.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SentinelOne

In related news, CAO Robin Tomasello sold 1,744 shares of SentinelOne stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $16.57, for a total transaction of $28,898.08. Following the sale, the chief accounting officer now directly owns 162,598 shares in the company, valued at $2,694,248.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Robin Tomasello sold 1,744 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $16.57, for a total value of $28,898.08. Following the completion of the transaction, the chief accounting officer now directly owns 162,598 shares in the company, valued at $2,694,248.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 400,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $15.32, for a total value of $6,128,000.00. Following the sale, the chief executive officer now directly owns 259,427 shares in the company, valued at approximately $3,974,421.64. The disclosure for this sale can be found here. Insiders have sold a total of 421,460 shares of company stock worth $6,463,357 in the last three months. 7.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

S has been the topic of several analyst reports. Morgan Stanley downgraded SentinelOne from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $30.00 to $16.00 in a report on Thursday, January 12th. Cowen cut their price target on shares of SentinelOne from $45.00 to $35.00 in a report on Wednesday, December 7th. The Goldman Sachs Group began coverage on shares of SentinelOne in a report on Tuesday, February 14th. They set a “neutral” rating and a $17.00 price objective for the company. Wells Fargo & Company lowered shares of SentinelOne from an “overweight” rating to an “equal weight” rating and set a $18.00 target price on the stock. in a research note on Tuesday, February 21st. Finally, Piper Sandler decreased their price target on SentinelOne from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, January 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, SentinelOne currently has a consensus rating of “Hold” and a consensus price target of $22.08.

SentinelOne Trading Up 0.4 %

Shares of NYSE:S opened at $13.96 on Tuesday. The firm’s 50 day moving average is $15.14 and its two-hundred day moving average is $18.83. The firm has a market capitalization of $3.95 billion, a P/E ratio of -10.78 and a beta of 0.50. SentinelOne, Inc. has a 52 week low of $12.69 and a 52 week high of $42.84.

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.