BNP Paribas Buys 7,571 Shares of SentinelOne, Inc. (NYSE:S)

BNP Paribas grew its position in SentinelOne, Inc. (NYSE:S) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,255 shares of the company’s stock after acquiring an additional 7,571 shares during the quarter. BNP Paribas’ holdings in SentinelOne were worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Barclays PLC lifted its stake in SentinelOne by 121.9% in the third quarter. Barclays PLC now owns 325,215 shares of the company’s stock worth $7,779,000 after purchasing an additional 178,685 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in SentinelOne during the 3rd quarter valued at $67,000. Franklin Resources Inc. grew its position in SentinelOne by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after acquiring an additional 1,366 shares during the last quarter. Principal Financial Group Inc. increased its stake in SentinelOne by 6.4% in the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock worth $442,000 after purchasing an additional 1,111 shares during the period. Finally, Modus Advisors LLC bought a new stake in shares of SentinelOne during the fourth quarter worth $48,000. Institutional investors own 90.87% of the company’s stock.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 10,178 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $243,763.10. Following the sale, the chief executive officer now directly owns 949,504 shares of the company’s stock, valued at approximately $22,740,620.80. This trade represents a 1.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 2,341 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.95, for a total value of $56,066.95. Following the completion of the transaction, the insider now directly owns 529,118 shares of the company’s stock, valued at approximately $12,672,376.10. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 502,136 shares of company stock worth $9,896,262 over the last quarter. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on S shares. Stephens assumed coverage on shares of SentinelOne in a research note on Tuesday, April 1st. They issued an “overweight” rating and a $25.00 price target on the stock. Oppenheimer started coverage on SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target for the company. Roth Mkm assumed coverage on SentinelOne in a report on Wednesday, April 23rd. They set a “buy” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, Susquehanna decreased their price objective on SentinelOne from $30.00 to $25.00 and set a “positive” rating for the company in a report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.13.

SentinelOne Stock Performance

Shares of S stock opened at $18.87 on Friday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The firm has a market capitalization of $6.22 billion, a PE ratio of -20.07 and a beta of 0.82. The stock’s 50-day simple moving average is $18.54 and its 200-day simple moving average is $22.51.

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.