TrueMark Investments LLC Has $1.41 Million Holdings in SentinelOne, Inc. (NYSE:S)

TrueMark Investments LLC cut its holdings in shares of SentinelOne, Inc. (NYSE:S) by 7.4% during the fourth quarter, Holdings Channel reports. The fund owned 63,344 shares of the company’s stock after selling 5,096 shares during the period. TrueMark Investments LLC’s holdings in SentinelOne were worth $1,406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its position in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares in the last quarter. Avion Wealth acquired a new stake in shares of SentinelOne in the fourth quarter valued at approximately $28,000. Crewe Advisors LLC bought a new position in SentinelOne in the 4th quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new position in SentinelOne during the 4th quarter worth $33,000. Finally, Modus Advisors LLC bought a new position in SentinelOne in the 4th quarter valued at $48,000. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Stock Up 0.3 %

SentinelOne stock opened at $20.17 on Wednesday. The company has a 50 day moving average of $21.87 and a 200-day moving average of $23.79. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29. The stock has a market capitalization of $6.48 billion, a PE ratio of -21.46 and a beta of 0.78.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on S. Westpark Capital cut their price target on SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Jefferies Financial Group cut their target price on shares of SentinelOne from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company lowered their price target on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. cut their price objective on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, Barclays lowered their target price on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 81,619 shares of SentinelOne stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total value of $1,598,916.21. Following the sale, the chief executive officer now directly owns 879,494 shares in the company, valued at $17,229,287.46. This trade represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 31,659 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total transaction of $604,686.90. Following the completion of the sale, the insider now directly owns 477,271 shares in the company, valued at approximately $9,115,876.10. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 427,960 shares of company stock valued at $9,020,025. 5.60% of the stock is owned by corporate insiders.

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.