Osterweis Capital Management Inc. Has $5.95 Million Stake in SentinelOne, Inc. $S

Key Points

• Osterweis Capital Management Inc. reduced its stake in SentinelOne, Inc. by 33.4%, resulting in ownership of 327,159 shares valued at approximately $5.95 million.
• In the 1st quarter, several institutional investors adjusted their positions, with UBS AM increasing its stake by 131.3% to own over 4.37 million shares.
• Analysts have recently raised their price targets for SentinelOne, with estimates now ranging between $21.00 and $25.00, reflecting positive outlooks from firms like Robert W. Baird and Jefferies Financial Group.

Osterweis Capital Management Inc. lowered its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 33.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,159 shares of the company's stock after selling 164,438 shares during the quarter. Osterweis Capital Management Inc. owned 0.10% of SentinelOne worth $5,948,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rhumbline Advisers lifted its stake in SentinelOne by 5.7% during the 1st quarter. Rhumbline Advisers now owns 332,102 shares of the company's stock valued at $6,038,000 after acquiring an additional 18,053 shares in the last quarter. Strs Ohio purchased a new stake in SentinelOne in the 1st quarter worth about $9,227,000. Focus Partners Wealth purchased a new stake in SentinelOne in the 1st quarter worth about $346,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in SentinelOne by 131.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company's stock valued at $79,532,000 after buying an additional 2,483,136 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in SentinelOne during the 1st quarter valued at about $382,000. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Stock Up 3.5%

Shares of S stock opened at $18.47 on Friday. The business's fifty day moving average is $17.85 and its 200 day moving average is $18.34. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of -13.99 and a beta of 0.78.

Insider Buying and Selling

In other news, CAO Robin Tomasello sold 8,508 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $159,014.52. Following the transaction, the chief accounting officer directly owned 297,536 shares of the company's stock, valued at $5,560,947.84. This represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Keenan Michael Conder sold 11,098 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $207,421.62. Following the completion of the transaction, the insider directly owned 579,407 shares in the company, valued at approximately $10,829,116.83. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,959 shares of company stock valued at $3,203,064. 4.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on S shares. Robert W. Baird lifted their price target on SentinelOne from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Jefferies Financial Group boosted their target price on SentinelOne from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Needham & Company LLC boosted their target price on SentinelOne from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. New Street Research set a $23.00 target price on SentinelOne in a research report on Friday, August 29th. Finally, Scotiabank boosted 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. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.

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