Emerald Advisers LLC Takes Position in SentinelOne, Inc. (NYSE:S)

Emerald Advisers LLC bought a new position in SentinelOne, Inc. (NYSE:S) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,768 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors also recently bought and sold shares of S. Sylebra Capital LLC increased its holdings in shares of SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares during the last quarter. Atreides Management LP grew its holdings in SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after buying an additional 2,200,594 shares in the last quarter. Raymond James Financial Inc. bought a new stake in SentinelOne in the 4th quarter worth approximately $26,082,000. Wellington Management Group LLP purchased a new stake in shares of SentinelOne during the 3rd quarter worth approximately $27,000,000. Finally, Thematics Asset Management purchased a new stake in shares of SentinelOne during the 3rd quarter worth approximately $22,963,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at $4,509,891.75. This trade represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the sale, the insider now owns 531,459 shares in the company, valued at approximately $12,090,692.25. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 367,096 shares of company stock worth $7,853,262. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

S has been the topic of several research reports. Canaccord Genuity Group reduced their price target on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Cantor Fitzgerald decreased their target price on shares of SentinelOne from $30.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Sanford C. Bernstein dropped their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Wells Fargo & Company decreased their price objective on SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Bank of America dropped their target price on SentinelOne from $29.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.33.

SentinelOne Stock Performance

SentinelOne stock opened at $19.27 on Monday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The stock has a fifty day moving average of $21.94 and a two-hundred day moving average of $23.82. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of -20.50 and a beta of 0.78.

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.