Rakuten Securities Inc. Sells 28,058 Shares of SentinelOne, Inc. (NYSE:S)

Rakuten Securities Inc. reduced its position in shares of SentinelOne, Inc. (NYSE:S) by 79.1% during the fourth quarter, Holdings Channel reports. The firm owned 7,404 shares of the company’s stock after selling 28,058 shares during the period. Rakuten Securities Inc.’s holdings in SentinelOne were worth $164,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Sylebra Capital LLC raised its stake in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares during the period. State Street Corp boosted its stake in SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after acquiring an additional 516,244 shares during the last quarter. Geode Capital Management LLC grew its position in shares of SentinelOne by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after acquiring an additional 355,944 shares during the period. Atreides Management LP increased its stake in shares of SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in SentinelOne in the third quarter valued at approximately $80,604,000. 90.87% of the stock is owned by institutional investors.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 2,341 shares of SentinelOne stock in a transaction that occurred 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 transaction, the insider now 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction 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 transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $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. In the last 90 days, insiders have sold 314,682 shares of company stock valued at $7,094,571. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Westpark Capital decreased their target price on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday. Oppenheimer began coverage on SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective on the stock. Barclays dropped their price objective on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday. Susquehanna boosted their price target 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. Finally, Morgan Stanley cut their price objective on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. 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 data from MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $28.78.

SentinelOne Stock Performance

Shares of S opened at $19.33 on Thursday. The stock has a market capitalization of $6.21 billion, a PE ratio of -20.56 and a beta of 0.78. The company’s 50-day simple moving average is $22.50 and its 200-day simple moving average is $24.10. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year 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.