Pictet Asset Management Holding SA Buys 4,978 Shares of SentinelOne, Inc. (NYSE:S)

Pictet Asset Management Holding SA grew its stake in shares of SentinelOne, Inc. (NYSE:S) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 43,343 shares of the company’s stock after acquiring an additional 4,978 shares during the quarter. Pictet Asset Management Holding SA’s holdings in SentinelOne were worth $962,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares during the last quarter. Bullseye Asset Management LLC increased its holdings in SentinelOne by 1.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after purchasing an additional 1,000 shares in the last quarter. MetLife Investment Management LLC raised its holdings in SentinelOne by 17.4% in the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock valued at $163,000 after buying an additional 1,012 shares during the last quarter. Legato Capital Management LLC raised its stake in shares of SentinelOne by 8.1% during the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock valued at $304,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in SentinelOne by 48.1% during the 4th quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company’s stock worth $73,000 after buying an additional 1,067 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Susquehanna reduced their price objective on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a research note on Thursday, March 13th. Westpark Capital dropped their target price on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Oppenheimer initiated coverage on shares of SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target for the company. Morgan Stanley initiated coverage on shares of SentinelOne in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $20.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.21.

SentinelOne Stock Down 5.3 %

Shares of S stock opened at $16.96 on Monday. The firm has a market cap of $5.59 billion, a P/E ratio of -18.04 and a beta of 0.82. The company has a 50 day moving average of $21.23 and a 200-day moving average of $23.55. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $21,612,038.64. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 6,378 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at approximately $4,509,891.75. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 455,855 shares of company stock valued at $9,528,052. Company 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.