Assenagon Asset Management S.A. Lowers Stake in SentinelOne, Inc. $S

Key Points

• Assenagon Asset Management S.A. reduced its stake in SentinelOne, Inc. by 77.0% during Q2, now holding approximately 268,736 shares valued at $4.9 million.
• Several hedge funds, including Vanguard Group and Massachusetts Financial Services, have increased their positions, with Vanguard now owning over 31 million shares valued at $567 million.
• Analysts have varying price targets for SentinelOne, with the consensus target price at $24.26 and a "Moderate Buy" rating from multiple investment firms.

Assenagon Asset Management S.A. reduced its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 77.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 268,736 shares of the company's stock after selling 901,675 shares during the period. Assenagon Asset Management S.A. owned approximately 0.08% of SentinelOne worth $4,912,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of SentinelOne by 4.4% in the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock valued at $567,214,000 after acquiring an additional 1,318,533 shares in the last quarter. Sylebra Capital LLC boosted its holdings in shares of SentinelOne by 10.0% in the first quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company's stock valued at $192,218,000 after acquiring an additional 959,771 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of SentinelOne by 2.9% in the first quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company's stock valued at $146,841,000 after acquiring an additional 229,230 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of SentinelOne by 92.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company's stock valued at $96,898,000 after acquiring an additional 2,558,702 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in shares of SentinelOne by 12.3% in the first quarter. Champlain Investment Partners LLC now owns 5,090,042 shares of the company's stock valued at $92,537,000 after acquiring an additional 555,748 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on S shares. Wells Fargo & Company lifted their target price on shares of SentinelOne from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. JMP Securities reissued a "market outperform" rating and set a $29.00 price objective on shares of SentinelOne in a report on Tuesday, September 9th. Bank of America reissued a "neutral" rating and set a $21.00 price objective on shares of SentinelOne in a report on Thursday, May 29th. Needham & Company LLC boosted their price objective on shares of SentinelOne from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, DA Davidson boosted their price objective on shares of SentinelOne from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.26.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 23,520 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $18.07, for a total value of $425,006.40. Following the sale, the insider directly owned 928,021 shares of the company's stock, valued at $16,769,339.47. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Keenan Michael Conder sold 11,098 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $207,421.62. Following the completion of the sale, the insider directly owned 579,407 shares in the company, valued at $10,829,116.83. This represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 340,753 shares of company stock valued at $6,195,217. Insiders own 4.33% of the company's stock.

SentinelOne Trading Down 1.4%

Shares of S stock opened at $18.20 on Thursday. The company has a market capitalization of $6.07 billion, a PE ratio of -13.78 and a beta of 0.78. The firm has a fifty day simple moving average of $17.94 and a 200-day simple moving average of $18.23. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month 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.

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