Great Lakes Advisors LLC Acquires 520,545 Shares of SentinelOne, Inc. (NYSE:S)

Great Lakes Advisors LLC boosted its holdings in SentinelOne, Inc. (NYSE:S) by 643.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 601,498 shares of the company’s stock after purchasing an additional 520,545 shares during the period. Great Lakes Advisors LLC’s holdings in SentinelOne were worth $13,353,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sylebra Capital LLC raised its stake in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after acquiring an additional 2,282,980 shares during the last quarter. State Street Corp raised its stake in shares of SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after acquiring an additional 516,244 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of SentinelOne by 8.6% during the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after acquiring an additional 355,944 shares during the last quarter. Atreides Management LP raised its stake in shares of SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after acquiring an additional 2,200,594 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new position in shares of SentinelOne during the third quarter valued at about $80,604,000. 90.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

S has been the subject of several recent analyst reports. Robert W. Baird lowered their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a research note on Tuesday. Citigroup lowered their price objective on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Barclays reduced their price target on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Jefferies Financial Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and boosted their price target for the company from $27.00 to $30.00 in a research report on Thursday, December 19th. Finally, Cantor Fitzgerald began coverage on shares of SentinelOne in a research report on Thursday, January 9th. They set an “overweight” rating and a $30.00 price target on the stock. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.78.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the transaction, the insider now owns 531,459 shares in the company, valued at $12,377,680.11. This represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 39,477 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $771,775.35. Following the transaction, the chief executive officer now owns 900,249 shares in the company, valued at approximately $17,599,867.95. This trade represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 314,682 shares of company stock worth $7,094,571. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

Shares of NYSE S opened at $19.33 on Thursday. The firm’s 50 day moving average price is $22.50 and its 200-day moving average price is $24.10. The company has a market cap of $6.21 billion, a PE ratio of -20.56 and a beta of 0.78. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29.

About SentinelOne

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.