SentinelOne, Inc. (NYSE:S) Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP decreased its stake in SentinelOne, Inc. (NYSE:S) by 69.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 249,201 shares of the company’s stock after selling 558,586 shares during the period. Cinctive Capital Management LP’s holdings in SentinelOne were worth $5,532,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of S. Smartleaf Asset Management LLC increased 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 worth $27,000 after buying an additional 556 shares during the period. Avion Wealth purchased a new position in shares of SentinelOne during the fourth quarter worth approximately $28,000. Crewe Advisors LLC acquired a new position in shares of SentinelOne in the 4th quarter valued at $33,000. Arlington Trust Co LLC purchased a new stake in SentinelOne in the 4th quarter valued at $33,000. Finally, CIBC Private Wealth Group LLC boosted its stake in SentinelOne by 866.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company’s stock worth $46,000 after purchasing an additional 1,846 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on S. Westpark Capital reduced their target price on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Cantor Fitzgerald decreased their price objective on SentinelOne from $30.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Piper Sandler dropped their target price on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Susquehanna decreased their price target on SentinelOne from $30.00 to $25.00 and set a “positive” rating for the company in a report on Thursday, March 13th. Finally, Guggenheim reiterated a “buy” rating and issued a $31.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.21.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 10,624 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $210,036.48. Following the sale, the insider now owns 488,122 shares in the company, valued at approximately $9,650,171.94. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 20,186 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $399,077.22. Following the transaction, the chief executive officer now directly owns 900,111 shares in the company, valued at approximately $17,795,194.47. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 455,855 shares of company stock valued at $9,528,052. 5.60% of the stock is owned by corporate insiders.

SentinelOne Trading Up 1.2 %

Shares of S opened at $18.83 on Thursday. The company has a 50-day moving average of $21.45 and a two-hundred day moving average of $23.65. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The stock has a market cap of $6.05 billion, a P/E ratio of -20.03 and a beta of 0.78.

SentinelOne 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.