KLP Kapitalforvaltning AS Takes $1.31 Million Position in SentinelOne, Inc. (NYSE:S)

KLP Kapitalforvaltning AS bought a new position in SentinelOne, Inc. (NYSE:S) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 59,065 shares of the company’s stock, valued at approximately $1,311,000.

A number of other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares during the period. Avion Wealth purchased a new stake in shares of SentinelOne during the fourth quarter valued at $28,000. Crewe Advisors LLC bought a new position in shares of SentinelOne in the fourth quarter worth about $33,000. Arlington Trust Co LLC purchased a new position in SentinelOne in the 4th quarter worth about $33,000. Finally, Modus Advisors LLC purchased a new position in SentinelOne in the 4th quarter worth about $48,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays dropped their target price on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. Needham & Company LLC dropped their price objective on SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Citigroup decreased their target price on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Bank of America dropped their price target on SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Finally, Westpark Capital decreased their price objective on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.33.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total value of $1,370,657.28. Following the sale, the chief executive officer now owns 959,682 shares in the company, valued at $21,612,038.64. This represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 10,624 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $210,036.48. Following the transaction, the insider now directly owns 488,122 shares of the company’s stock, valued at $9,650,171.94. This represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 455,855 shares of company stock worth $9,528,052. 5.60% of the stock is owned by corporate insiders.

SentinelOne Stock Down 2.7 %

Shares of SentinelOne stock opened at $18.84 on Friday. The company has a 50 day moving average price of $21.71 and a 200 day moving average price of $23.73. The firm has a market capitalization of $6.05 billion, a P/E ratio of -20.04 and a beta of 0.78. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29.

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.