Clearline Capital LP Makes New $1.45 Million Investment in SentinelOne, Inc. $S

Key Points

• Clearline Capital LP has made a new investment of $1.45 million in SentinelOne, acquiring approximately 79,684 shares during the first quarter.
• SentinelOne shares increased by 3.0% and currently trade at $18.70, with a market cap of $6.24 billion.
• Brokerages have differing outlooks on SentinelOne, with JMP Securities issuing a price target of $29.00 and JPMorgan downgrading to $19.00, reflecting varying analyst sentiment.

Clearline Capital LP purchased a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 79,684 shares of the company's stock, valued at approximately $1,449,000.

Other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co purchased a new stake in SentinelOne in the 1st quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in SentinelOne in the fourth quarter valued at approximately $38,000. GAMMA Investing LLC boosted its holdings in shares of SentinelOne by 513.3% in 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. Parallel Advisors LLC lifted its holdings in shares of SentinelOne by 94.0% during the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after purchasing an additional 942 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of SentinelOne by 510.9% during 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. Hedge funds and other institutional investors own 90.87% of the company's stock.

SentinelOne Stock Up 3.0%

Shares of NYSE S opened at $18.70 on Monday. The company has a market cap of $6.24 billion, a P/E ratio of -14.17 and a beta of 0.78. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The business's 50 day moving average is $17.85 and its two-hundred day moving average is $18.40.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on S. JMP Securities restated a "market outperform" rating and issued a $29.00 price target on shares of SentinelOne in a research report on Friday, August 29th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $19.00 target price (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Morgan Stanley reaffirmed a "positive" rating on shares of SentinelOne in a research report on Tuesday, September 2nd. Sanford C. Bernstein boosted their target price on shares of SentinelOne from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company increased their target price on SentinelOne from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, SentinelOne has a consensus rating of "Moderate Buy" and a consensus target price of $24.29.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 31,916 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total value of $552,465.96. Following the completion of the sale, the chief executive officer owned 1,500,460 shares in the company, valued at approximately $25,972,962.60. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Robin Tomasello sold 2,921 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total value of $50,562.51. Following the completion of the sale, the chief accounting officer owned 306,044 shares of the company's stock, valued at $5,297,621.64. This trade represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,634 shares of company stock worth $1,230,432 in the last quarter. Corporate insiders own 4.33% of the company's stock.

SentinelOne Company 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.

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