Cerity Partners LLC purchased a new position in SentinelOne, Inc. (NYSE:S – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 54,995 shares of the company’s stock, valued at approximately $1,315,000.
Several other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its stake in SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares in the last quarter. Archford Capital Strategies LLC lifted its holdings in SentinelOne by 1.8% during the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock valued at $965,000 after purchasing an additional 790 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in SentinelOne by 4.0% during the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock valued at $553,000 after purchasing an additional 898 shares in the last quarter. Straight Path Wealth Management lifted its holdings in SentinelOne by 4.9% during the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Rathbones Group PLC raised its position in shares of SentinelOne by 0.4% during the second quarter. Rathbones Group PLC now owns 288,667 shares of the company’s stock valued at $6,076,000 after buying an additional 1,038 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on S shares. Wells Fargo & Company lifted their price objective on shares of SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Scotiabank increased their target price on shares of SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $25.00 price target on shares of SentinelOne in a research note on Friday, September 13th. Morgan Stanley restated an “equal weight” rating and issued a $29.00 price target on shares of SentinelOne in a report on Monday. Finally, Barclays raised their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $29.04.
SentinelOne Stock Up 0.4 %
NYSE:S opened at $27.55 on Wednesday. The company has a 50 day moving average price of $26.10 and a 200-day moving average price of $23.04. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.
Insider Activity at SentinelOne
In other news, CEO Tomer Weingarten sold 38,607 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $880,239.60. Following the completion of the transaction, the chief executive officer now directly owns 1,060,749 shares of the company’s stock, valued at approximately $24,185,077.20. The trade was a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $82,293.75. Following the completion of the transaction, the insider now directly owns 582,512 shares of the company’s stock, valued at $15,290,940. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 417,541 shares of company stock valued at $10,032,448. 5.60% of the stock is owned by company insiders.
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.
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