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

Proficio Capital Partners LLC purchased a new position in shares of SentinelOne, Inc. (NYSE:S) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,566 shares of the company’s stock, valued at approximately $257,000.

Several other large investors also recently added to or reduced their stakes in the company. Sylebra Capital LLC lifted its position in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after acquiring an additional 2,282,980 shares in the last quarter. Atreides Management LP lifted its holdings in SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares in the last quarter. Wellington Management Group LLP bought a new position in SentinelOne in the 3rd quarter worth about $27,000,000. Charles Schwab Investment Management Inc. grew its holdings in SentinelOne by 55.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after buying an additional 921,572 shares in the last quarter. Finally, Cinctive Capital Management LP increased its position in shares of SentinelOne by 363.0% during the third quarter. Cinctive Capital Management LP now owns 807,787 shares of the company’s stock valued at $19,322,000 after buying an additional 633,301 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Down 1.6 %

Shares of NYSE:S opened at $19.86 on Thursday. The stock has a market capitalization of $6.38 billion, a P/E ratio of -21.13 and a beta of 0.78. The stock’s 50-day moving average price is $21.83 and its 200-day moving average price is $23.76. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29.

Wall Street Analyst Weigh In

A number of research firms have recently commented on S. Robert W. Baird cut their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. UBS Group cut their price target on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Sanford C. Bernstein decreased their price target on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Piper Sandler lowered their price objective 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, Scotiabank reduced their target price on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

Insider Activity at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the sale, the chief accounting officer now owns 230,685 shares of the company’s stock, valued at $4,509,891.75. This trade represents a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the completion of the transaction, the chief executive officer now owns 959,682 shares in the company, valued at $21,612,038.64. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 413,377 shares of company stock worth $8,688,262 in the last ninety days. 5.60% 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.