Atom Investors LP Takes Position in SentinelOne, Inc. (NYSE:S)

Atom Investors LP acquired a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 161,614 shares of the company's stock, valued at approximately $3,866,000. Atom Investors LP owned 0.05% of SentinelOne as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC acquired a new stake in SentinelOne during the third quarter worth about $80,604,000. Atreides Management LP lifted its holdings in SentinelOne by 137.3% in the third 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 period. Massachusetts Financial Services Co. MA bought a new position in shares of SentinelOne in the second quarter valued at approximately $36,237,000. Eminence Capital LP increased its position in shares of SentinelOne by 24.2% during the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company's stock valued at $144,282,000 after purchasing an additional 1,337,145 shares during the period. Finally, Stephens Investment Management Group LLC acquired a new position in SentinelOne during the third quarter worth about $30,972,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on S shares. Barclays increased their price target on shares of SentinelOne from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Morgan Stanley reiterated an "equal weight" rating and set a $29.00 price target on shares of SentinelOne in a research note on Monday. Canaccord Genuity Group reissued a "buy" rating and set a $30.00 target price on shares of SentinelOne in a research report on Friday, October 18th. Robert W. Baird boosted their target price on shares of SentinelOne from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on SentinelOne from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.04.

SentinelOne Price Performance

NYSE S traded down $0.52 during trading on Monday, hitting $27.43. 5,132,831 shares of the company's stock traded hands, compared to its average volume of 5,121,476. The stock has a fifty day moving average of $26.03 and a two-hundred day moving average of $23.00. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76. The firm has a market cap of $8.70 billion, a P/E ratio of -29.35 and a beta of 0.65.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 14,584 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total value of $335,286.16. Following the sale, the insider now owns 636,699 shares in the company, valued at $14,637,710.01. This represents a 2.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of SentinelOne stock in a transaction on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the transaction, the chief executive officer now owns 1,019,541 shares of the company's stock, valued at $28,169,917.83. The trade was a 6.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 432,125 shares of company stock valued at $10,367,734. Company insiders own 5.60% of the company's stock.

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.