Trifecta Capital Advisors LLC Takes Position in SentinelOne, Inc. $S

Trifecta Capital Advisors LLC bought a new stake in SentinelOne, Inc. (NYSE:S) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,200 shares of the company’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teamwork Financial Advisors LLC purchased a new position in shares of SentinelOne in the second quarter valued at $1,332,000. Strs Ohio acquired a new stake in SentinelOne in the first quarter valued at $9,227,000. Tempus Wealth Planning LLC acquired a new stake in SentinelOne in the second quarter valued at $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in SentinelOne by 131.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company’s stock valued at $79,532,000 after acquiring an additional 2,483,136 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in SentinelOne by 11,049.7% in the first quarter. GAMMA Investing LLC now owns 35,233 shares of the company’s stock valued at $641,000 after acquiring an additional 34,917 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on S shares. JMP Securities reaffirmed a “market outperform” rating and issued a $29.00 price target on shares of SentinelOne in a report on Tuesday, September 9th. DA Davidson upped their price target on shares of SentinelOne from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Wells Fargo & Company upped their price target on shares of SentinelOne from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. New Street Research set a $23.00 price target on shares of SentinelOne in a report on Friday, August 29th. Finally, UBS Group increased their target price on shares of SentinelOne from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and an average price target of $24.26.

SentinelOne Stock Up 4.2%

S stock opened at $17.98 on Thursday. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29. The firm’s 50-day simple moving average is $17.69 and its 200 day simple moving average is $18.15. The stock has a market cap of $6.00 billion, a PE ratio of -13.62 and a beta of 0.76.

Insiders Place Their Bets

In related news, insider Keenan Michael Conder sold 11,098 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $207,421.62. Following the completion of the transaction, the insider owned 579,407 shares in the company, valued at $10,829,116.83. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 162,794 shares of the 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 395,336 shares of company stock worth $7,184,807. 4.33% of the stock is owned by company insiders.

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.