Cinctive Capital Management LP Cuts Stock Position in SentinelOne, Inc. (NYSE:S)

Cinctive Capital Management LP trimmed its stake in shares of SentinelOne, Inc. (NYSE:S) by 69.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,201 shares of the company’s stock after selling 558,586 shares during the period. Cinctive Capital Management LP owned 0.08% of SentinelOne worth $5,532,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC acquired a new stake in shares of SentinelOne in the third quarter worth approximately $1,315,000. MetLife Investment Management LLC lifted its holdings in SentinelOne by 17.4% in the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock valued at $163,000 after purchasing an additional 1,012 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in SentinelOne by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 124,096 shares of the company’s stock valued at $2,968,000 after purchasing an additional 1,797 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of SentinelOne by 35.2% during the third quarter. Captrust Financial Advisors now owns 210,045 shares of the company’s stock worth $5,024,000 after buying an additional 54,652 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of SentinelOne during the third quarter worth $399,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup lowered their price target on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group lowered their target price on SentinelOne from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday. Canaccord Genuity Group cut their price target on SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Guggenheim reissued a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Needham & Company LLC cut their target price on SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.21.

Insider Activity

In other news, CFO Barbara A. Larson sold 10,172 shares of SentinelOne stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $201,100.44. Following the completion of the sale, the chief financial officer now directly owns 473,223 shares of the company’s stock, valued at approximately $9,355,618.71. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robin Tomasello sold 1,496 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $29,575.92. Following the transaction, the chief accounting officer now owns 233,484 shares of the company’s stock, valued at approximately $4,615,978.68. The trade was a 0.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 455,855 shares of company stock worth $9,528,052. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Up 1.2 %

Shares of S stock opened at $18.83 on Thursday. The firm has a 50 day moving average of $21.45 and a two-hundred day moving average of $23.65. The stock has a market capitalization of $6.05 billion, a PE ratio of -20.03 and a beta of 0.78. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29.

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.