SentinelOne, Inc. (NYSE:S) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP lifted its holdings in SentinelOne, Inc. (NYSE:S) by 175.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 875,337 shares of the company’s stock after buying an additional 557,899 shares during the period. Bridgewater Associates LP owned approximately 0.27% of SentinelOne worth $19,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Guggenheim Capital LLC grew its holdings in SentinelOne by 1.4% in the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock valued at $764,000 after buying an additional 478 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of SentinelOne in the fourth quarter valued at about $667,000. Mariner LLC increased its position in SentinelOne by 85.4% during the fourth quarter. Mariner LLC now owns 35,747 shares of the company’s stock worth $794,000 after purchasing an additional 16,463 shares during the last quarter. Sterling Capital Management LLC raised its stake in SentinelOne by 50.2% during the fourth quarter. Sterling Capital Management LLC now owns 14,381 shares of the company’s stock worth $319,000 after purchasing an additional 4,805 shares during the period. Finally, Argent Trust Co acquired a new position in SentinelOne in the 4th quarter valued at about $354,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at $4,509,891.75. This trade represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 20,186 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $399,077.22. Following the completion of the sale, the chief executive officer now directly owns 900,111 shares of the company’s stock, valued at approximately $17,795,194.47. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 394,991 shares of company stock worth $8,157,395 over the last 90 days. 5.60% of the stock is owned by insiders.

SentinelOne Price Performance

SentinelOne stock opened at $17.38 on Wednesday. The stock’s fifty day moving average is $20.07 and its two-hundred day moving average is $23.13. The stock has a market cap of $5.73 billion, a PE ratio of -18.48 and a beta of 0.82. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29.

Analysts Set New Price Targets

S has been the subject of a number of recent analyst reports. Scotiabank cut their price target on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday, March 13th. Bank of America reduced their target price on SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Canaccord Genuity Group lowered their price target on SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Robert W. Baird reduced their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, Wells Fargo & Company decreased their target price on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.21.

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.