Mitsubishi UFJ Asset Management Co. Ltd. Cuts Stock Position in SentinelOne, Inc. (NYSE:S)

Mitsubishi UFJ Asset Management Co. Ltd. decreased its position in shares of SentinelOne, Inc. (NYSE:S) by 27.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,183 shares of the company’s stock after selling 56,400 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SentinelOne were worth $3,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of S. Smartleaf Asset Management LLC grew its stake in shares of SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after acquiring an additional 556 shares during the last quarter. Bullseye Asset Management LLC boosted its stake in SentinelOne by 1.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after purchasing an additional 1,000 shares in the last quarter. MetLife Investment Management LLC grew its position in SentinelOne by 17.4% during the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock worth $163,000 after purchasing an additional 1,012 shares during the last quarter. Legato Capital Management LLC increased its stake in SentinelOne by 8.1% during the 4th quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock valued at $304,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of SentinelOne by 48.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company’s stock worth $73,000 after buying an additional 1,067 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Stock Up 2.3 %

Shares of S opened at $18.60 on Wednesday. The firm’s fifty day moving average is $21.54 and its two-hundred day moving average is $23.68. The stock has a market cap of $5.98 billion, a PE ratio of -19.78 and a beta of 0.78. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup cut their target price on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Scotiabank reduced their price objective on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th. Stephens initiated coverage on SentinelOne in a research report on Tuesday. They issued an “overweight” rating and a $25.00 target price on the stock. Cantor Fitzgerald reduced their price target on shares of SentinelOne from $30.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, Oppenheimer initiated coverage on shares of SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 10,624 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $210,036.48. Following the transaction, the insider now owns 488,122 shares of the company’s stock, valued at approximately $9,650,171.94. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Barbara A. Larson sold 10,172 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the completion of the sale, the chief financial officer now directly owns 473,223 shares of the company’s stock, valued at $9,355,618.71. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 455,855 shares of company stock worth $9,528,052. 5.60% of the stock is owned by 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.