Bridgefront Capital LLC Takes Position in SentinelOne, Inc. (NYSE:S)

Bridgefront Capital LLC bought a new position in SentinelOne, Inc. (NYSE:S) during the 4th quarter, HoldingsChannel reports. The fund bought 15,622 shares of the company’s stock, valued at approximately $347,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of SentinelOne by 121.9% during the third quarter. Barclays PLC now owns 325,215 shares of the company’s stock valued at $7,779,000 after acquiring an additional 178,685 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in SentinelOne in the 3rd quarter worth $67,000. Franklin Resources Inc. boosted its position in SentinelOne by 5.5% during 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 in the last quarter. Diversified Trust Co boosted its position in shares of SentinelOne by 40.5% during the fourth quarter. Diversified Trust Co now owns 47,487 shares of the company’s stock valued at $1,054,000 after purchasing an additional 13,686 shares in the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in shares of SentinelOne in the 4th quarter worth about $206,000. 90.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 3,187 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $59,086.98. Following the sale, the insider now directly owns 1,058,025 shares in the company, valued at $19,615,783.50. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Robin Tomasello sold 1,496 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 $29,575.92. Following the completion of the sale, the chief accounting officer now owns 233,484 shares of the company’s stock, valued at approximately $4,615,978.68. This represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 503,140 shares of company stock valued at $9,847,149 in the last three months. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on S. Cantor Fitzgerald cut their price target on SentinelOne from $30.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Roth Mkm began coverage on SentinelOne in a research report on Wednesday, April 23rd. They set a “buy” rating and a $26.00 price objective on the stock. Robert W. Baird decreased their target price on SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Needham & Company LLC dropped their price target on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Finally, Citigroup decreased their price objective on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.13.

SentinelOne Stock Performance

Shares of S stock opened at $19.03 on Thursday. The stock has a fifty day simple moving average of $18.43 and a two-hundred day simple moving average of $22.38. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29. The firm has a market capitalization of $6.27 billion, a PE ratio of -20.24 and a beta of 0.81.

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.