Cinctive Capital Management LP Has $1.35 Million Stock Position in SentinelOne, Inc. $S

Key Points

• Cinctive Capital Management LP reduced its holdings in SentinelOne by 70.3% during Q1, now owning 74,025 shares valued at approximately $1.35 million.
• Several institutional investors are actively adjusting their positions in SentinelOne, with GAMMA Investing LLC increasing its stake by 513.3% and Parallel Advisors LLC by 94% in the first quarter.
• Analysts are generally positive on SentinelOne, with the stock receiving several upward price target revisions, leading to a consensus rating of "Moderate Buy" and an average price target of about $24.29.

Cinctive Capital Management LP lessened its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 70.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,025 shares of the company's stock after selling 175,176 shares during the period. Cinctive Capital Management LP's holdings in SentinelOne were worth $1,346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. CENTRAL TRUST Co bought a new stake in shares of SentinelOne during the 1st quarter worth $26,000. Parallel Advisors LLC lifted its position in SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after acquiring an additional 942 shares during the last quarter. GAMMA Investing LLC boosted its holdings in SentinelOne by 513.3% during the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after acquiring an additional 1,622 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SentinelOne in the fourth quarter valued at about $38,000. Finally, Versant Capital Management Inc increased its stake in shares of SentinelOne by 510.9% in the first quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock worth $42,000 after purchasing an additional 1,921 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Stock Performance

Shares of S stock traded down $0.43 during mid-day trading on Tuesday, reaching $18.00. The company's stock had a trading volume of 5,471,308 shares, compared to its average volume of 5,940,815. The firm's 50-day moving average is $17.86 and its two-hundred day moving average is $18.37. The company has a market cap of $6.00 billion, a P/E ratio of -13.64 and a beta of 0.78. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 31,916 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $552,465.96. Following the completion of the transaction, the chief executive officer owned 1,500,460 shares in the company, valued at $25,972,962.60. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 15,807 shares of SentinelOne stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $273,619.17. Following the sale, the insider directly owned 991,219 shares in the company, valued at $17,158,000.89. The trade was a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,634 shares of company stock worth $1,230,432. 4.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on S. Stephens restated an "overweight" rating and set a $25.00 target price on shares of SentinelOne in a research note on Tuesday, May 27th. Scotiabank increased their price objective on SentinelOne from $18.00 to $21.00 and gave the company a "sector perform" rating in a research report on Friday, August 29th. Bank of America restated a "neutral" rating and issued a $21.00 price objective on shares of SentinelOne in a research note on Thursday, May 29th. Wells Fargo & Company upped their target price on shares of SentinelOne from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Finally, Susquehanna reduced their price target on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a report on Thursday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.29.

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.