Forge First Asset Management Inc. Buys New Stake in SentinelOne, Inc. (NYSE:S)

Forge First Asset Management Inc. acquired a new position in SentinelOne, Inc. (NYSE:S) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 56,400 shares of the company’s stock, valued at approximately $1,251,000.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV lifted its holdings in SentinelOne by 778.0% in the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after buying an additional 58,000 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of SentinelOne in the 3rd quarter worth about $4,816,000. Charles Schwab Investment Management Inc. grew its position in shares of SentinelOne by 55.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after buying an additional 921,572 shares during the last quarter. Carnegie Investment Counsel bought a new stake in shares of SentinelOne during the 4th quarter valued at about $7,167,000. Finally, Banco Santander S.A. bought a new stake in shares of SentinelOne during the 3rd quarter valued at about $5,002,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on S. Susquehanna boosted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, December 5th. Barclays decreased their target price on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday. Morgan Stanley decreased their target price on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Guggenheim restated a “buy” rating and issued a $31.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Finally, Cantor Fitzgerald started coverage on shares of SentinelOne in a report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price objective for the company. Seven investment 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 stock. According to data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and a consensus price target of $28.78.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the sale, the insider now directly owns 531,459 shares in the company, valued at $12,090,692.25. This represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the completion of the sale, the chief executive officer now owns 959,682 shares in the company, valued at approximately $22,782,850.68. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 314,682 shares of company stock valued at $7,094,571. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Price Performance

S opened at $18.73 on Wednesday. The firm has a 50 day simple moving average of $22.50 and a 200 day simple moving average of $24.10. The company has a market cap of $6.02 billion, a price-to-earnings ratio of -19.92 and a beta of 0.78. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

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.