Penn Capital Management Company LLC Has $754,000 Stock Position in SentinelOne, Inc. (NYSE:S)

Penn Capital Management Company LLC trimmed its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 56.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,978 shares of the company's stock after selling 44,077 shares during the period. Penn Capital Management Company LLC's holdings in SentinelOne were worth $754,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Guggenheim Capital LLC boosted its position in shares of SentinelOne by 1.4% during the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock valued at $764,000 after acquiring an additional 478 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after purchasing an additional 556 shares in the last quarter. Legato Capital Management LLC grew its stake in shares of SentinelOne by 8.1% in the 4th quarter. Legato Capital Management LLC now owns 13,682 shares of the company's stock valued at $304,000 after purchasing an additional 1,022 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of SentinelOne by 48.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company's stock worth $73,000 after buying an additional 1,067 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of SentinelOne by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock worth $442,000 after buying an additional 1,111 shares during the period. Institutional investors own 90.87% of the company's stock.

SentinelOne Trading Down 3.1 %

Shares of SentinelOne stock traded down $0.59 during trading on Wednesday, hitting $18.19. 894,836 shares of the stock were exchanged, compared to its average volume of 4,979,051. The company has a fifty day moving average price of $18.72 and a 200-day moving average price of $22.66. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of -19.35 and a beta of 0.82. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29.

Wall Street Analyst Weigh In

A number of analysts have weighed in on S shares. Roth Capital set a $26.00 price target on SentinelOne and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Barclays reduced their price target on shares of SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 11th. Roth Mkm started coverage on shares of SentinelOne in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 target price for the company. Scotiabank decreased their price target on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. Finally, Susquehanna reduced their price objective on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.13.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 2,341 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.95, for a total value of $56,066.95. Following the completion of the sale, the insider now owns 529,118 shares of the company's stock, valued at approximately $12,672,376.10. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 81,619 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the completion of the transaction, the chief executive officer now owns 879,494 shares in the company, valued at $17,229,287.46. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 502,136 shares of company stock worth $9,896,262 over the last 90 days. Company insiders own 5.60% of the company's stock.

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.