OFI Invest Asset Management Takes $403,000 Position in SentinelOne, Inc. (NYSE:S)

OFI Invest Asset Management bought a new stake in shares of SentinelOne, Inc. (NYSE:S) in the 4th quarter, HoldingsChannel.com reports. The firm bought 18,807 shares of the company’s stock, valued at approximately $403,000.

Other hedge funds have also modified their holdings of the company. Champlain Investment Partners LLC acquired a new position in SentinelOne during the third quarter valued at $80,604,000. Sylebra Capital LLC raised its position in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after buying an additional 2,282,980 shares during the period. Atreides Management LP raised its position in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after buying an additional 2,200,594 shares during the period. Raymond James Financial Inc. acquired a new position in SentinelOne during the fourth quarter valued at $26,082,000. Finally, Wellington Management Group LLP acquired a new position in SentinelOne during the third quarter valued at $27,000,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on S shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and upped their target price for the stock from $27.00 to $30.00 in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and upped their target price for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. Scotiabank upped their target price on SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a research report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.48.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $124,689.90. Following the completion of the transaction, the chief accounting officer now owns 230,685 shares in the company, valued at approximately $4,509,891.75. The trade was a 2.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ric Smith sold 41,170 shares of SentinelOne stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total value of $987,256.60. Following the completion of the transaction, the insider now owns 531,459 shares of the company’s stock, valued at approximately $12,744,386.82. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 437,968 shares of company stock worth $10,020,586. 5.60% of the stock is currently owned by insiders.

SentinelOne Price Performance

SentinelOne stock opened at $19.84 on Monday. The company has a market capitalization of $6.37 billion, a PE ratio of -21.10 and a beta of 0.78. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The business has a 50 day simple moving average of $22.65 and a 200 day simple moving average of $24.19.

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.