Vident Advisory LLC Has $4.74 Million Stock Position in SentinelOne, Inc. (NYSE:S)

Vident Advisory LLC increased its stake in SentinelOne, Inc. (NYSE:S) by 23.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 213,462 shares of the company’s stock after purchasing an additional 40,083 shares during the quarter. Vident Advisory LLC owned approximately 0.07% of SentinelOne worth $4,739,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in S. Smartleaf Asset Management LLC increased its position 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 valued at $27,000 after purchasing an additional 556 shares during the period. Avion Wealth bought a new stake in shares of SentinelOne during the fourth quarter valued at approximately $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne during the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC bought a new stake in shares of SentinelOne during the fourth quarter valued at approximately $33,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of SentinelOne during the fourth quarter valued at approximately $38,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Roth Capital set a $26.00 price objective on SentinelOne and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Stephens initiated coverage on SentinelOne in a research report on Tuesday, April 1st. They set an “overweight” rating and a $25.00 price objective on the stock. Piper Sandler lowered their price target on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Cantor Fitzgerald lowered their price target on SentinelOne from $30.00 to $24.00 and set an “overweight” rating on the stock in a research 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 company’s stock. Based on data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and an average price target of $26.13.

SentinelOne Stock Performance

Shares of NYSE S opened at $20.05 on Wednesday. The stock has a 50 day moving average price of $18.54 and a 200 day moving average price of $21.97. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The stock has a market capitalization of $6.61 billion, a PE ratio of -21.33 and a beta of 0.81.

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,584 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total value of $305,680.64. Following the completion of the sale, the insider now directly owns 529,118 shares of the company’s stock, valued at $11,090,313.28. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $16.33, for a total value of $993,909.12. Following the completion of the sale, the chief executive officer now directly owns 1,581,396 shares of the company’s stock, valued at approximately $25,824,196.68. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,498 shares of company stock valued at $8,136,199. 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.