SentinelOne, Inc. $S Shares Acquired by PDT Partners LLC

Key Points

• PDT Partners LLC significantly increased its stake in SentinelOne, Inc., growing its holdings by 1,326.8% in the first quarter, now owning 312,289 shares worth approximately $5.7 million.
• Major institutional investors, such as Vanguard Group Inc. and Massachusetts Financial Services Co., also raised their positions in SentinelOne, reflecting a strong confidence in the company.
• SentinelOne's stock has a consensus rating of "Moderate Buy" and a target price of $24.33, with various analysts setting price targets as high as $24.00.

PDT Partners LLC lifted its position in SentinelOne, Inc. (NYSE:S - Free Report) by 1,326.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,289 shares of the company's stock after acquiring an additional 290,401 shares during the period. PDT Partners LLC owned 0.09% of SentinelOne worth $5,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of SentinelOne by 11,049.7% in the 1st quarter. GAMMA Investing LLC now owns 35,233 shares of the company's stock valued at $641,000 after acquiring an additional 34,917 shares during the period. M&T Bank Corp increased its position in shares of SentinelOne by 71.9% in the 1st quarter. M&T Bank Corp now owns 43,043 shares of the company's stock valued at $782,000 after acquiring an additional 17,998 shares during the period. Vanguard Group Inc. grew its position in SentinelOne by 4.4% during the 1st 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 during the period. Merit Financial Group LLC acquired a new stake in SentinelOne during the 1st quarter worth about $250,000. Finally, Oppenheimer & Co. Inc. grew its position in SentinelOne by 54.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 51,041 shares of the company's stock worth $928,000 after purchasing an additional 18,009 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Tomer Weingarten sold 31,916 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $552,465.96. Following the completion of the sale, the chief executive officer owned 1,500,460 shares in the company, valued at $25,972,962.60. This trade represents a 2.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robin Tomasello sold 2,921 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer owned 306,044 shares of the company's stock, valued at $5,297,621.64. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,730 shares of company stock worth $2,366,017 over the last quarter. 4.33% of the stock is currently owned by corporate insiders.

SentinelOne Stock Up 0.6%

S traded up $0.11 during trading on Thursday, reaching $18.13. The company's stock had a trading volume of 6,524,057 shares, compared to its average volume of 5,950,504. The firm has a fifty day simple moving average of $17.83 and a two-hundred day simple moving average of $18.54. The company has a market cap of $6.03 billion, a price-to-earnings ratio of -13.74 and a beta of 0.78. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $19.00 price target (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $24.00 price target on shares of SentinelOne in a research report on Friday, August 29th. Stephens reaffirmed an "overweight" rating and set a $25.00 price target on shares of SentinelOne in a research report on Tuesday, May 27th. Bank of America reaffirmed a "neutral" rating and set a $21.00 price target on shares of SentinelOne in a research report on Thursday, May 29th. Finally, Needham & Company LLC increased their price target on SentinelOne from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.29.

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.