Edgestream Partners L.P. Reduces Stock Position in SentinelOne, Inc. $S

Edgestream Partners L.P. cut its holdings in SentinelOne, Inc. (NYSE:S) by 67.2% during the 2nd quarter, Holdings Channel reports. The firm owned 159,526 shares of the company’s stock after selling 326,847 shares during the period. Edgestream Partners L.P.’s holdings in SentinelOne were worth $2,916,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rafferty Asset Management LLC raised its position in SentinelOne by 2.5% during the 1st quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company’s stock valued at $470,000 after purchasing an additional 641 shares during the last quarter. Main Management ETF Advisors LLC increased its stake in shares of SentinelOne by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company’s stock valued at $857,000 after buying an additional 768 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of SentinelOne by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 216,735 shares of the company’s stock valued at $3,962,000 after buying an additional 910 shares during the period. DB Fitzpatrick & Co Inc raised its holdings in shares of SentinelOne by 3.8% during the second quarter. DB Fitzpatrick & Co Inc now owns 24,944 shares of the company’s stock valued at $456,000 after acquiring an additional 923 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of SentinelOne by 8.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 13,997 shares of the company’s stock valued at $256,000 after acquiring an additional 1,079 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Price Performance

Shares of NYSE S opened at $16.95 on Friday. SentinelOne, Inc. has a 1 year low of $15.17 and a 1 year high of $26.64. The firm has a 50-day moving average of $17.00 and a 200 day moving average of $17.71. The stock has a market cap of $5.65 billion, a P/E ratio of -12.84 and a beta of 0.76.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on S shares. Sanford C. Bernstein lifted their price target on shares of SentinelOne from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, August 29th. DA Davidson lifted their target price on shares of SentinelOne from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Jefferies Financial Group increased their price target on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Berenberg Bank started coverage on shares of SentinelOne in a report on Tuesday, November 18th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, BTIG Research reiterated a “neutral” rating on shares of SentinelOne in a report on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $23.81.

Insider Activity

In related news, CAO Robin Tomasello sold 8,508 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.69, for a total value of $159,014.52. Following the sale, the chief accounting officer owned 297,536 shares in the company, valued at $5,560,947.84. This represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ric Smith sold 24,515 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $458,185.35. Following the transaction, the insider directly owned 951,541 shares of the company’s stock, valued at approximately $17,784,301.29. This trade represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 481,090 shares of company stock valued at $8,637,206. 4.33% of the stock is currently owned by insiders.

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.