Eminence Capital LP Sells 873,350 Shares of SentinelOne, Inc. $S

Key Points

• Eminence Capital LP sold 873,350 shares of SentinelOne, Inc., reducing its position by 13.4%, leaving the fund with approximately 5.66 million shares valued at $102.9 million.
• Insider transactions saw CEO Tomer Weingarten and another insider selling over 37,000 shares recently, both resulting in decreases in their respective ownership stakes.
• Brokerage firms have varied new price targets for SentinelOne, with Rosenblatt Securities initiating a 'buy' rating at a $24 price objective, while others have set targets between $21 and $25.

Eminence Capital LP cut its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 13.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,660,544 shares of the company's stock after selling 873,350 shares during the quarter. Eminence Capital LP owned 1.72% of SentinelOne worth $102,909,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of SentinelOne by 119.4% during the 1st quarter. AQR Capital Management LLC now owns 2,216,753 shares of the company's stock worth $39,392,000 after acquiring an additional 1,206,594 shares during the period. Atreides Management LP boosted its stake in shares of SentinelOne by 1.7% during the 1st quarter. Atreides Management LP now owns 3,357,817 shares of the company's stock worth $61,045,000 after acquiring an additional 55,986 shares during the period. PDT Partners LLC boosted its stake in shares of SentinelOne by 1,326.8% during the 1st quarter. PDT Partners LLC now owns 312,289 shares of the company's stock worth $5,677,000 after acquiring an additional 290,401 shares during the period. Armistice Capital LLC boosted its stake in shares of SentinelOne by 0.8% during the 1st quarter. Armistice Capital LLC now owns 1,865,801 shares of the company's stock worth $33,920,000 after acquiring an additional 14,623 shares during the period. Finally, Alamea Verwaltungs GmbH bought a new position in shares of SentinelOne during the 1st quarter worth approximately $320,000. 90.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Susquehanna reduced their target price on SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research note on Thursday, May 29th. Rosenblatt Securities started coverage on SentinelOne in a report on Friday, July 18th. They issued a "buy" rating and a $24.00 price objective on the stock. BTIG Research reiterated a "neutral" rating on shares of SentinelOne in a research report on Monday, August 25th. Morgan Stanley reiterated a "positive" rating on shares of SentinelOne in a research report on Tuesday. Finally, DA Davidson increased their price objective on SentinelOne from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.29.

SentinelOne Price Performance

Shares of NYSE:S traded up $0.55 during trading on Friday, reaching $18.70. 5,045,751 shares of the stock were exchanged, compared to its average volume of 7,101,496. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29. The stock has a fifty day moving average of $17.85 and a two-hundred day moving average of $18.43. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of -14.17 and a beta of 0.78.

Insider Transactions at SentinelOne

In related news, CAO Robin Tomasello sold 2,921 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $50,562.51. Following the completion of the sale, the chief accounting officer owned 306,044 shares in the company, valued at approximately $5,297,621.64. This represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 23,518 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $18.30, for a total value of $430,379.40. Following the sale, the insider owned 1,007,026 shares of the company's stock, valued at $18,428,575.80. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,152 shares of company stock valued at $1,660,811 over the last ninety days. Company 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.