Voya Investment Management LLC Raises Stake in SentinelOne, Inc. $S

Voya Investment Management LLC grew its stake in shares of SentinelOne, Inc. (NYSE:S) by 2.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 8,077,074 shares of the company’s stock after acquiring an additional 229,230 shares during the period. Voya Investment Management LLC’s holdings in SentinelOne were worth $146,841,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co purchased a new stake in shares of SentinelOne during the 1st quarter worth $26,000. Parallel Advisors LLC boosted its position in shares of SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock worth $35,000 after buying an additional 942 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of SentinelOne by 513.3% in the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company’s stock worth $35,000 after buying an additional 1,622 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SentinelOne in the 4th quarter worth about $38,000. Finally, Versant Capital Management Inc boosted its position in shares of SentinelOne by 510.9% in the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company’s stock worth $42,000 after buying an additional 1,921 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 162,794 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $18.38, for a total transaction of $2,992,153.72. Following the completion of the transaction, the chief executive officer owned 1,298,982 shares of the company’s stock, valued at $23,875,289.16. This represents a 11.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Robin Tomasello sold 8,508 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $159,014.52. Following the transaction, the chief accounting officer directly owned 297,536 shares of the company’s stock, valued at approximately $5,560,947.84. This represents a 2.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,753 shares of company stock worth $6,195,217. 4.33% of the stock is owned by insiders.

SentinelOne Trading Down 0.9%

NYSE:S opened at $18.29 on Friday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of -13.85 and a beta of 0.78. The company’s 50-day moving average is $17.84 and its two-hundred day moving average is $18.32. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Guggenheim reiterated a “buy” rating and issued a $28.00 price objective on shares of SentinelOne in a research report on Friday, August 29th. Stephens reiterated an “overweight” rating and issued a $25.00 price objective on shares of SentinelOne in a research report on Tuesday, May 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $19.00 price objective (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Robert W. Baird boosted their price objective on shares of SentinelOne from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Scotiabank boosted their price objective on shares of SentinelOne from $18.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Friday, August 29th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.26.

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.