Frank Rimerman Advisors LLC Has $5.52 Million Stock Position in SentinelOne, Inc. (NYSE:S)

Frank Rimerman Advisors LLC lowered its holdings in SentinelOne, Inc. (NYSE:S) by 5.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 248,708 shares of the company’s stock after selling 14,260 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in SentinelOne were worth $5,521,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares in the last quarter. Avion Wealth acquired a new stake in shares of SentinelOne during the 4th quarter worth approximately $28,000. Crewe Advisors LLC acquired a new stake in shares of SentinelOne during the 4th quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new stake in shares of SentinelOne during the 4th quarter worth approximately $33,000. Finally, Modus Advisors LLC acquired a new stake in shares of SentinelOne during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Buying and Selling

In related news, insider Ric Smith sold 2,341 shares of SentinelOne stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $56,066.95. Following the completion of the sale, the insider now directly owns 529,118 shares of the company’s stock, valued at $12,672,376.10. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Robin Tomasello sold 6,378 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were 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 directly owns 230,685 shares of the company’s stock, valued at approximately $4,509,891.75. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 253,818 shares of company stock valued at $5,649,659 over the last three months. Company insiders own 5.60% of the company’s stock.

SentinelOne Stock Up 1.8 %

Shares of SentinelOne stock opened at $18.56 on Friday. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29. The business has a fifty day simple moving average of $22.35 and a 200 day simple moving average of $24.02. The stock has a market cap of $5.96 billion, a PE ratio of -19.74 and a beta of 0.78.

Analyst Upgrades and Downgrades

S has been the topic of several recent research reports. Morgan Stanley decreased their price objective on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Cantor Fitzgerald cut their target price on SentinelOne from $30.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday. Citigroup cut 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. Susquehanna cut their target price on SentinelOne from $30.00 to $25.00 and set a “positive” rating for the company in a research report on Thursday. Finally, Guggenheim restated a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Seven investment 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 data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and an average price target of $26.59.

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.