SentinelOne, Inc. $S Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. drastically reduced its stake in SentinelOne, Inc. by 94.6%, now holding only 141,170 shares worth approximately $2.57 million after selling over 2.4 million shares in the first quarter.
• Major institutional investors have increased their positions in SentinelOne, with Deutsche Bank AG boosting its stake by 122.3%, now owning 873,853 shares valued at about $19.4 million.
• Wall Street analysts have given a generally positive outlook on SentinelOne, with an average target price of $24.29 and ratings ranging from "Strong Buy" to "Hold" from several firms.

Jacobs Levy Equity Management Inc. trimmed its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 94.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,170 shares of the company's stock after selling 2,459,810 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in SentinelOne were worth $2,566,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of SentinelOne by 4.4% during the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock worth $567,214,000 after purchasing an additional 1,318,533 shares in the last quarter. Sylebra Capital LLC lifted its position in shares of SentinelOne by 6.2% during the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company's stock worth $213,415,000 after purchasing an additional 564,327 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of SentinelOne by 92.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company's stock worth $96,898,000 after purchasing an additional 2,558,702 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of SentinelOne by 12.3% during the first quarter. Champlain Investment Partners LLC now owns 5,090,042 shares of the company's stock worth $92,537,000 after purchasing an additional 555,748 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of SentinelOne by 36.2% during the first quarter. Federated Hermes Inc. now owns 3,544,338 shares of the company's stock worth $64,436,000 after purchasing an additional 941,302 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 23,520 shares of the company's stock in a transaction dated 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 directly owned 928,021 shares of the company's stock, valued at approximately $16,769,339.47. This represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 162,794 shares of the company's stock in a transaction dated 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. The trade was a 11.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,753 shares of company stock valued at $6,195,217 over the last 90 days. Insiders own 4.33% of the company's stock.

SentinelOne Trading Down 0.9%

S stock traded down $0.17 during trading on Friday, hitting $18.29. The company had a trading volume of 5,244,737 shares, compared to its average volume of 7,071,725. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of -13.85 and a beta of 0.78. The business has a 50 day moving average of $17.84 and a 200 day moving average of $18.32. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29.

Wall Street Analyst Weigh In

A number of research firms have recently commented on S. Robert W. Baird boosted their target price on shares of SentinelOne from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. New Street Research set a $23.00 target price on shares of SentinelOne in a research report on Friday, August 29th. Stephens reissued an "overweight" rating and set a $25.00 target price on shares of SentinelOne in a research report on Tuesday, May 27th. BTIG Research reaffirmed a "neutral" rating on shares of SentinelOne in a report on Monday, August 25th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $24.00 target price on shares of SentinelOne in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.29.

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.