First Trust Advisors LP Has $174.68 Million Holdings in SentinelOne, Inc. $S

First Trust Advisors LP grew its position in SentinelOne, Inc. (NYSE:S) by 20.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,555,943 shares of the company’s stock after acquiring an additional 1,589,845 shares during the period. First Trust Advisors LP owned 2.87% of SentinelOne worth $174,683,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in SentinelOne in the 2nd quarter worth about $29,000. First Horizon Advisors Inc. increased its stake in shares of SentinelOne by 287.8% in the second quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company’s stock valued at $45,000 after buying an additional 1,810 shares during the period. Foster Dykema Cabot & Partners LLC raised its holdings in SentinelOne by 66.7% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,007 shares of the company’s stock valued at $55,000 after buying an additional 1,203 shares during the last quarter. Trifecta Capital Advisors LLC acquired a new stake in SentinelOne during the 2nd quarter worth approximately $77,000. Finally, EverSource Wealth Advisors LLC boosted its position in SentinelOne by 540.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,258 shares of the company’s stock worth $78,000 after buying an additional 3,593 shares during the period. Institutional investors own 90.87% of the company’s stock.

Insider Transactions at SentinelOne

In related news, CAO Robin Tomasello sold 8,508 shares of the business’s stock in a transaction on 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 owned 297,536 shares in the company, valued at $5,560,947.84. The trade was a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 162,794 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $18.38, for a total transaction of $2,992,153.72. Following the transaction, the chief executive officer directly owned 1,298,982 shares in the company, valued at approximately $23,875,289.16. This represents a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 481,090 shares of company stock valued at $8,637,206. 4.33% of the stock is owned by insiders.

SentinelOne Trading Down 0.1%

S stock opened at $16.95 on Friday. The firm has a market cap of $5.65 billion, a PE ratio of -12.84 and a beta of 0.76. The stock has a 50-day moving average price of $17.00 and a 200-day moving average price of $17.71. SentinelOne, Inc. has a 1-year low of $15.17 and a 1-year high of $26.64.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on S shares. Cantor Fitzgerald decreased their price target on shares of SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Robert W. Baird increased their price objective on SentinelOne from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Barclays cut their target price on SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Jefferies Financial Group increased their price target on SentinelOne from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Scotiabank raised their price objective on SentinelOne from $18.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.81.

SentinelOne Profile

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.