1888 Investments LLC Buys New Stake in SentinelOne, Inc. (NYSE:S)

1888 Investments LLC purchased a new position in shares of SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 71,382 shares of the company’s stock, valued at approximately $1,585,000. SentinelOne accounts for about 36.8% of 1888 Investments LLC’s portfolio, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of S. Smartleaf Asset Management LLC raised its holdings in 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 purchasing an additional 556 shares in the last quarter. Avion Wealth bought a new stake in shares of SentinelOne in the 4th quarter worth $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne in the 4th quarter worth $33,000. Arlington Trust Co LLC bought a new position in SentinelOne during the fourth quarter valued at about $33,000. Finally, Modus Advisors LLC bought a new position in SentinelOne during the fourth quarter valued at about $48,000. Institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on S. JPMorgan Chase & Co. reduced their price objective on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Oppenheimer started coverage on shares of SentinelOne in a report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 target price for the company. Barclays dropped their price target on SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. Citigroup reduced their price objective on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Finally, Wells Fargo & Company cut their target price on SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.33.

Insider Activity at SentinelOne

In related news, CFO Barbara A. Larson sold 10,172 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction 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 approximately $9,355,618.71. This represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 81,619 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the completion of the transaction, the chief executive officer now owns 879,494 shares in the company, valued at $17,229,287.46. The trade was a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 455,855 shares of company stock valued at $9,528,052. Insiders own 5.60% of the company’s stock.

SentinelOne Stock Down 2.7 %

NYSE S opened at $18.84 on Friday. The stock has a market capitalization of $6.05 billion, a PE ratio of -20.04 and a beta of 0.78. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The company has a 50 day moving average price of $21.71 and a two-hundred day moving average price of $23.73.

SentinelOne 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.