SentinelOne, Inc. (NYSE:S) Shares Bought by Atreides Management LP

Atreides Management LP raised its position in SentinelOne, Inc. (NYSE:S) by 137.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,802,904 shares of the company’s stock after acquiring an additional 2,200,594 shares during the quarter. SentinelOne makes up about 2.3% of Atreides Management LP’s holdings, making the stock its 14th largest holding. Atreides Management LP’s holdings in SentinelOne were worth $90,965,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of S. KBC Group NV grew its stake in shares of SentinelOne by 778.0% during the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after purchasing an additional 58,000 shares during the period. NorthRock Partners LLC acquired a new position in shares of SentinelOne during the 3rd quarter worth $5,227,000. Sycomore Asset Management grew its stake in shares of SentinelOne by 40.4% during the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after purchasing an additional 83,060 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of SentinelOne during the 3rd quarter worth $2,392,000. Finally, Banco Santander S.A. acquired a new position in shares of SentinelOne during the 3rd quarter worth $5,002,000. 90.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wedbush raised shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. JMP Securities reaffirmed a “market outperform” rating and set a $33.00 price target on shares of SentinelOne in a research note on Wednesday, August 28th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company boosted their price objective on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” 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 issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.96.

Insider Transactions at SentinelOne

In related news, CAO Robin Tomasello sold 5,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $114,501.60. Following the completion of the sale, the chief accounting officer now owns 193,542 shares of the company’s stock, valued at approximately $4,412,757.60. This represents a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ric Smith sold 3,135 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the sale, the insider now directly owns 582,512 shares of the company’s stock, valued at approximately $15,290,940. This trade represents a 0.54 % 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 worth $10,367,734 in the last three months. Company insiders own 5.60% of the company’s stock.

SentinelOne Price Performance

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

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.