Clearbridge Investments LLC Acquires 15,711 Shares of SentinelOne, Inc. (NYSE:S)

Clearbridge Investments LLC increased its holdings in shares of SentinelOne, Inc. (NYSE:S) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,552,471 shares of the company’s stock after acquiring an additional 15,711 shares during the quarter. Clearbridge Investments LLC owned about 0.79% of SentinelOne worth $56,665,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC acquired a new position in SentinelOne in the 3rd quarter valued at $1,315,000. MetLife Investment Management LLC raised its stake in SentinelOne by 17.4% in the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock valued at $163,000 after purchasing an additional 1,012 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in SentinelOne by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 124,096 shares of the company’s stock worth $2,968,000 after purchasing an additional 1,797 shares during the period. Captrust Financial Advisors grew its stake in SentinelOne by 35.2% during the third quarter. Captrust Financial Advisors now owns 210,045 shares of the company’s stock worth $5,024,000 after buying an additional 54,652 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in SentinelOne in the 3rd quarter valued at about $399,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on S. Oppenheimer began coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price target on the stock. Barclays reduced their price objective 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 lowered their target price on SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Bank of America reduced their price target on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Finally, Piper Sandler lowered their price objective on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.26.

SentinelOne Stock Down 3.4 %

SentinelOne stock opened at $18.19 on Tuesday. The company has a market capitalization of $5.85 billion, a PE ratio of -19.35 and a beta of 0.78. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The firm’s fifty day moving average is $21.62 and its 200 day moving average is $23.71.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total value of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $21,612,038.64. This trade represents a 5.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Robin Tomasello sold 6,378 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the sale, the chief accounting officer now owns 230,685 shares of the company’s stock, valued at $4,509,891.75. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 455,855 shares of company stock valued at $9,528,052. Corporate insiders own 5.60% of the company’s stock.

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.