SentinelOne, Inc. (NYSE:S) Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC decreased its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 56.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,978 shares of the company's stock after selling 44,077 shares during the quarter. Penn Capital Management Company LLC's holdings in SentinelOne were worth $754,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hood River Capital Management LLC boosted its stake in shares of SentinelOne by 5.5% in the 4th quarter. Hood River Capital Management LLC now owns 263,519 shares of the company's stock worth $5,850,000 after buying an additional 13,815 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of SentinelOne by 77.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 656,955 shares of the company's stock valued at $14,585,000 after purchasing an additional 285,787 shares during the period. Quantessence Capital LLC purchased a new stake in shares of SentinelOne during the 4th quarter valued at about $209,000. Hsbc Holdings PLC lifted its stake in shares of SentinelOne by 18.1% in the 4th quarter. Hsbc Holdings PLC now owns 162,031 shares of the company's stock worth $3,613,000 after purchasing an additional 24,862 shares during the period. Finally, Thematics Asset Management boosted its holdings in shares of SentinelOne by 3.1% in the fourth quarter. Thematics Asset Management now owns 990,000 shares of the company's stock worth $21,978,000 after buying an additional 30,000 shares during the last quarter. Institutional investors own 90.87% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on S shares. Citigroup decreased their price target on shares of SentinelOne from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. Barclays lowered their target price on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 11th. Piper Sandler cut their price objective on SentinelOne from $32.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Roth Mkm initiated coverage on shares of SentinelOne in a report on Wednesday. They set a "buy" rating and a $26.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, SentinelOne presently has an average rating of "Moderate Buy" and a consensus price target of $26.13.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $17.82, for a total value of $1,084,596.48. Following the completion of the sale, the chief executive officer now directly owns 1,581,396 shares in the company, valued at $28,180,476.72. The trade was a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Robin Tomasello sold 1,496 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $29,575.92. Following the transaction, the chief accounting officer now owns 233,484 shares in the company, valued at approximately $4,615,978.68. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 516,719 shares of company stock worth $10,235,900. 5.60% of the stock is currently owned by insiders.

SentinelOne Stock Up 2.4 %

S traded up $0.44 during trading hours on Friday, reaching $18.42. 2,866,222 shares of the company's stock traded hands, compared to its average volume of 4,993,154. The firm has a 50-day moving average price of $18.89 and a 200 day moving average price of $22.74. The firm has a market capitalization of $6.07 billion, a PE ratio of -19.60 and a beta of 0.82. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29.

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.