Great Lakes Advisors LLC Trims Holdings in SentinelOne, Inc. $S

Key Points

• Great Lakes Advisors LLC significantly reduced its holdings in SentinelOne, Inc. by 97.4%, ending up with only 15,411 shares after selling 586,087 shares in the first quarter.
• Several other institutional investors have increased their positions in SentinelOne, including GAMMA Investing LLC and Parallel Advisors LLC, which boosted their holdings by over 500% in the first quarter.
• SentinelOne's stock performance shows a 50-day moving average of $17.84 and a 200-day moving average of $18.32, with a market cap of $6.10 billion.

Great Lakes Advisors LLC trimmed its position in SentinelOne, Inc. (NYSE:S - Free Report) by 97.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,411 shares of the company's stock after selling 586,087 shares during the period. Great Lakes Advisors LLC's holdings in SentinelOne were worth $280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new position in SentinelOne in the 1st quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in SentinelOne in the 4th quarter valued at about $38,000. GAMMA Investing LLC lifted its holdings in SentinelOne by 513.3% in the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after purchasing an additional 1,622 shares in the last quarter. Parallel Advisors LLC lifted its holdings in SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after purchasing an additional 942 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in SentinelOne by 510.9% in the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock valued at $42,000 after purchasing an additional 1,921 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Stock Performance

S opened at $18.29 on Friday. The firm has a 50 day moving average price of $17.84 and a 200 day moving average price of $18.32. The company has a market cap of $6.10 billion, a PE ratio of -13.85 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 Activity

In other SentinelOne news, insider Ric Smith sold 23,520 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 928,021 shares of the company's stock, valued at $16,769,339.47. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 162,794 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $18.38, for a total transaction of $2,992,153.72. Following the completion of the sale, the chief executive officer directly owned 1,298,982 shares of the company's stock, valued at $23,875,289.16. This trade represents a 11.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,753 shares of company stock worth $6,195,217 over the last three months. Insiders own 4.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JMP Securities reiterated a "market outperform" rating and set a $29.00 price objective on shares of SentinelOne in a report on Tuesday. Susquehanna lowered their target price 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. Needham & Company LLC boosted their target price on shares of SentinelOne from $22.00 to $23.00 and gave the company a "buy" rating in a report on Friday, August 29th. Rosenblatt Securities assumed coverage on shares of SentinelOne in a report on Friday, July 18th. They issued a "buy" rating and a $24.00 target price for the company. Finally, New Street Research set a $23.00 target price on shares of SentinelOne in a report on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.26.

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.

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