Cinctive Capital Management LP Sells 558,586 Shares of SentinelOne, Inc. (NYSE:S)

Cinctive Capital Management LP decreased its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 69.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 249,201 shares of the company's stock after selling 558,586 shares during the quarter. Cinctive Capital Management LP owned 0.08% of SentinelOne worth $5,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carnegie Investment Counsel bought a new position in shares of SentinelOne during the 4th quarter valued at about $7,167,000. Franklin Resources Inc. boosted its holdings in shares of SentinelOne by 5.5% in the third quarter. Franklin Resources Inc. now owns 26,424 shares of the company's stock valued at $698,000 after buying an additional 1,366 shares during the period. SG Americas Securities LLC increased its position in shares of SentinelOne by 74.8% during the fourth quarter. SG Americas Securities LLC now owns 57,142 shares of the company's stock worth $1,269,000 after acquiring an additional 24,453 shares in the last quarter. Ashford Capital Management Inc. lifted its position in SentinelOne by 72.7% in the 3rd quarter. Ashford Capital Management Inc. now owns 658,435 shares of the company's stock valued at $15,750,000 after acquiring an additional 277,235 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in SentinelOne by 130.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company's stock worth $5,106,000 after purchasing an additional 130,000 shares during the period. Institutional investors own 90.87% of the company's stock.

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Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 20,186 shares of the business's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $399,077.22. Following the completion of the transaction, the chief executive officer now owns 900,111 shares of the company's stock, valued at approximately $17,795,194.47. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barbara A. Larson sold 10,172 shares of SentinelOne stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $201,100.44. Following the completion of the transaction, the chief financial officer now owns 473,223 shares in the company, valued at approximately $9,355,618.71. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 394,991 shares of company stock valued at $8,157,395. 5.60% of the stock is owned by corporate insiders.

SentinelOne Price Performance

NYSE:S traded up $0.27 during trading hours on Tuesday, reaching $17.17. 2,437,214 shares of the company were exchanged, compared to its average volume of 4,917,769. The business has a 50 day moving average of $21.10 and a 200 day moving average of $23.49. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The company has a market capitalization of $5.66 billion, a P/E ratio of -18.31 and a beta of 0.82.

Analyst Ratings Changes

A number of analysts have recently commented on S shares. Piper Sandler cut their price objective on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Jefferies Financial Group decreased their price objective on SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a report on Monday, March 31st. Barclays dropped their target price on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 11th. Westpark Capital decreased their price target on SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their price target on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, SentinelOne currently has an average rating of "Moderate Buy" and an average price target of $26.21.

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.