Rockefeller Capital Management L.P. Trims Stake in SentinelOne, Inc. (NYSE:S)

Rockefeller Capital Management L.P. reduced its position in SentinelOne, Inc. (NYSE:S) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 808,798 shares of the company’s stock after selling 3,529 shares during the period. Rockefeller Capital Management L.P.’s holdings in SentinelOne were worth $19,346,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC acquired a new position in SentinelOne in the 3rd quarter valued at about $26,000. Blue Trust Inc. acquired a new position in SentinelOne in the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC increased its position in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares during the period. Sugarloaf Wealth Management LLC increased its position in SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after acquiring an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC acquired a new position in SentinelOne in the 2nd quarter valued at about $49,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on S. BTIG Research boosted their target price on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Morgan Stanley boosted their target price on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. JMP Securities reiterated a “market outperform” rating and set a $33.00 target price on shares of SentinelOne in a research report on Wednesday, August 28th. Wells Fargo & Company boosted their target price on SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Loop Capital boosted their target price on SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.96.

SentinelOne Stock Performance

S stock opened at $27.95 on Monday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76. The stock’s 50 day moving average price is $26.03 and its 200 day moving average price is $23.00. The firm has a market cap of $8.87 billion, a P/E ratio of -30.05 and a beta of 0.65.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,584 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the transaction, the insider now owns 636,699 shares of the company’s stock, valued at $14,637,710.01. This represents a 2.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Tomer Weingarten sold 82,116 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at approximately $22,453,135.20. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 432,125 shares of company stock valued at $10,367,734 in the last quarter. 5.60% of the stock is currently owned by company 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.