Atom Investors LP Takes $3.87 Million Position in SentinelOne, Inc. (NYSE:S)

Atom Investors LP acquired a new position in SentinelOne, Inc. (NYSE:S) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 161,614 shares of the company’s stock, valued at approximately $3,866,000.

Several other large investors have also added to or reduced their stakes in the business. Waldron Private Wealth LLC bought a new position in shares of SentinelOne in the third quarter valued at $26,000. Blue Trust Inc. bought a new position in shares of SentinelOne in the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC increased its stake in shares of SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC acquired a new stake in SentinelOne in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insiders Place Their Bets

In other news, CFO David J. Bernhardt sold 11,222 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total value of $240,150.80. Following the completion of the transaction, the chief financial officer now directly owns 477,781 shares in the company, valued at approximately $10,224,513.40. This represents a 2.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total value of $1,773,705.60. Following the sale, the chief executive officer now directly owns 1,039,497 shares in the company, valued at approximately $22,453,135.20. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,125 shares of company stock valued at $10,367,734. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Stock Down 0.5 %

Shares of S stock opened at $27.95 on Monday. The business has a fifty day simple moving average of $26.03 and a 200 day simple moving average of $23.00. The company has a market cap of $8.87 billion, a P/E ratio of -30.05 and a beta of 0.65. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76.

Analyst Ratings Changes

Several analysts have issued reports on S shares. Westpark Capital restated a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a research note on Monday, August 26th. DA Davidson increased their price target on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Morgan Stanley lifted their price objective on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. increased their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Susquehanna raised their target price on shares of SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.96.

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.