Tower Research Capital LLC TRC Sells 1,741 Shares of SentinelOne, Inc. (NYSE:S)

Tower Research Capital LLC TRC reduced its position in SentinelOne, Inc. (NYSE:S) by 44.6% during the fourth quarter, HoldingsChannel reports. The firm owned 2,161 shares of the company’s stock after selling 1,741 shares during the period. Tower Research Capital LLC TRC’s holdings in SentinelOne were worth $48,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of S. Carnegie Investment Counsel bought a new position in shares of SentinelOne during the 4th quarter worth approximately $7,167,000. Franklin Resources Inc. boosted its stake in SentinelOne by 5.5% during the third quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock worth $698,000 after acquiring an additional 1,366 shares in the last quarter. SG Americas Securities LLC grew its holdings in SentinelOne by 74.8% in the fourth quarter. SG Americas Securities LLC now owns 57,142 shares of the company’s stock worth $1,269,000 after purchasing an additional 24,453 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in SentinelOne by 130.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company’s stock valued at $5,106,000 after purchasing an additional 130,000 shares in the last quarter. Finally, US Bancorp DE increased its stake in SentinelOne by 26.4% in the fourth quarter. US Bancorp DE now owns 49,873 shares of the company’s stock valued at $1,107,000 after purchasing an additional 10,413 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 10,336 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $191,629.44. Following the completion of the transaction, the chief executive officer now directly owns 1,571,060 shares of the company’s stock, valued at approximately $29,127,452.40. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Barbara A. Larson sold 10,172 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $201,100.44. Following the transaction, the chief financial officer now directly owns 473,223 shares of the company’s stock, valued at approximately $9,355,618.71. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 432,498 shares of company stock valued at $8,136,199. 5.60% of the stock is owned by insiders.

SentinelOne Trading Up 5.1%

Shares of S opened at $20.13 on Tuesday. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of -21.41 and a beta of 0.81. The stock has a 50 day moving average of $18.41 and a 200 day moving average of $22.20. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Piper Sandler reduced their target price on SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Westpark Capital dropped their price target on SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Barclays dropped their price target on SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. Wells Fargo & Company dropped their price target on SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, Susquehanna dropped their price target on SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a research note on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average price target of $26.13.

SentinelOne 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.