By otakuyassine3@gmail.com 
M&T Bank Corp increased its position in SentinelOne, Inc. (NYSE:S – Free Report) by 71.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 25,045 shares of the company’s stock after acquiring an additional 10,462 shares during the quarter. M&T Bank Corp’s holdings in SentinelOne were worth $555,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after purchasing an additional 556 shares during the last quarter. Avion Wealth bought a new stake in SentinelOne during the fourth quarter valued at approximately $28,000. Crewe Advisors LLC bought a new stake in SentinelOne during the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC bought a new stake in SentinelOne during the fourth quarter valued at approximately $33,000. Finally, Modus Advisors LLC bought a new stake in SentinelOne during the fourth quarter valued at approximately $48,000. 90.87% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the sale, the chief accounting officer now owns 230,685 shares in the company, valued at approximately $4,509,891.75. This represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 39,477 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 $771,775.35. Following the sale, the chief executive officer now owns 900,249 shares in the company, valued at $17,599,867.95. The trade was a 4.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 253,818 shares of company stock worth $5,649,659 in the last three months. 5.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms have commented on S. Scotiabank decreased their price target on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a research note on Thursday. Canaccord Genuity Group dropped their price target on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday. Robert W. Baird dropped their price target on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Barclays dropped their price target on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Seven 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.59.
View Our Latest Research Report on SentinelOne
SentinelOne Trading Down 5.4 %
SentinelOne stock opened at $18.27 on Friday. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of -19.43 and a beta of 0.78. The firm has a 50 day moving average of $22.44 and a 200 day moving average of $24.06.
About SentinelOne
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.
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