Truvestments Capital LLC Increases Holdings in SentinelOne, Inc. (NYSE:S)

Truvestments Capital LLC increased its stake in shares of SentinelOne, Inc. (NYSE:S) by 43.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,987 shares of the company’s stock after buying an additional 9,652 shares during the quarter. Truvestments Capital LLC’s holdings in SentinelOne were worth $710,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased 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 acquiring an additional 556 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of SentinelOne by 4.0% in the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock valued at $553,000 after buying an additional 898 shares in the last quarter. Bullseye Asset Management LLC grew its stake in shares of SentinelOne by 1.5% in the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock valued at $1,605,000 after buying an additional 1,000 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of SentinelOne by 17.4% in the third 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 in the last quarter. Finally, Legato Capital Management LLC grew its stake in shares of SentinelOne by 8.1% in the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock valued at $304,000 after buying an additional 1,022 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 70,642 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total value of $1,710,949.24. Following the sale, the chief executive officer now owns 939,726 shares of the company’s stock, valued at approximately $22,760,163.72. This represents a 6.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the completion of the sale, the insider now directly owns 531,459 shares in the company, valued at approximately $12,090,692.25. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 314,682 shares of company stock worth $7,094,571. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on S. Oppenheimer began coverage on SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective for the company. Sanford C. Bernstein decreased their target price on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Morgan Stanley decreased their target price on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Robert W. Baird decreased their target price on SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Westpark Capital decreased their target price on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.78.

SentinelOne Trading Up 3.1 %

NYSE S opened at $18.73 on Wednesday. The business’s 50 day moving average is $22.50 and its two-hundred day moving average is $24.10. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of -19.92 and a beta of 0.78.

SentinelOne Company 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.