Brooklyn FI LLC Acquires 152,000 Shares of SentinelOne, Inc. (NYSE:S)

Brooklyn FI LLC grew its holdings in SentinelOne, Inc. (NYSE:S) by 1,688.9% during the 4th quarter, HoldingsChannel reports. The firm owned 161,000 shares of the company’s stock after purchasing an additional 152,000 shares during the quarter. Brooklyn FI LLC’s holdings in SentinelOne were worth $3,574,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. KBC Group NV increased its position in SentinelOne by 778.0% during the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after purchasing an additional 58,000 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of SentinelOne during the third quarter worth $4,816,000. Charles Schwab Investment Management Inc. lifted its stake in shares of SentinelOne by 55.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after acquiring an additional 921,572 shares during the last quarter. Carnegie Investment Counsel acquired a new stake in shares of SentinelOne during the 4th quarter valued at $7,167,000. Finally, Banco Santander S.A. bought a new stake in SentinelOne during the 3rd quarter worth $5,002,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on S. Oppenheimer initiated coverage on SentinelOne in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 target price for the company. Canaccord Genuity Group cut their target price 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. Citigroup dropped their price target 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. Susquehanna reduced their price objective on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a research note on Thursday, March 13th. Finally, Needham & Company LLC lowered their target price on SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Seven 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

SentinelOne Price Performance

Shares of S opened at $19.35 on Wednesday. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The company has a market cap of $6.22 billion, a PE ratio of -20.58 and a beta of 0.78. The stock has a 50-day moving average of $22.13 and a 200-day moving average of $23.90.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the sale, the chief executive officer now owns 959,682 shares in the company, valued at $21,612,038.64. This represents a 5.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $331,763.25. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,090,692.25. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,818 shares of company stock worth $5,649,659. Corporate insiders own 5.60% of the company’s stock.

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.