Penn Capital Management Company LLC Sells 44,077 Shares of SentinelOne, Inc. (NYSE:S)

Penn Capital Management Company LLC reduced its holdings in shares of SentinelOne, Inc. (NYSE:S) by 56.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of S. Marshall Wace LLP lifted its stake in shares of SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after acquiring an additional 4,206,900 shares during the last quarter. Norges Bank bought a new position in SentinelOne in the fourth quarter valued at about $73,528,000. Federated Hermes Inc. boosted its stake in shares of SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company’s stock valued at $57,787,000 after purchasing an additional 2,047,430 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SentinelOne during the fourth quarter worth about $26,082,000. Finally, Champlain Investment Partners LLC increased its stake in shares of SentinelOne by 34.6% in the fourth quarter. Champlain Investment Partners LLC now owns 4,534,294 shares of the company’s stock valued at $100,661,000 after buying an additional 1,164,541 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $23.29, for a total transaction of $339,638.07. Following the completion of the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at approximately $12,377,680.11. The trade was a 2.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $124,689.90. Following the completion of the sale, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at approximately $4,509,891.75. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 455,855 shares of company stock worth $9,151,304. Insiders own 5.60% of the company’s stock.

SentinelOne Stock Up 3.8 %

Shares of S opened at $17.97 on Friday. The business’s fifty day moving average is $19.01 and its 200 day moving average is $22.82. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The stock has a market cap of $5.92 billion, a P/E ratio of -19.12 and a beta of 0.82.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on S shares. Stephens initiated coverage on shares of SentinelOne in a report on Tuesday, April 1st. They set an “overweight” rating and a $25.00 target price on the stock. Westpark Capital reduced their price objective on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Roth Capital set a $26.00 target price on SentinelOne and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC reduced their price target on SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Finally, Roth Mkm assumed coverage on SentinelOne in a research report on Wednesday. They set a “buy” rating and a $26.00 price objective for the company. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.13.

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.