SentinelOne, Inc. (NYSE:S) Shares Sold by Redpoint Management LLC

Redpoint Management LLC lessened its holdings in shares of SentinelOne, Inc. (NYSE:S) by 33.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,734,063 shares of the company’s stock after selling 4,367,033 shares during the period. SentinelOne makes up approximately 61.1% of Redpoint Management LLC’s portfolio, making the stock its biggest holding. Redpoint Management LLC owned 2.72% of SentinelOne worth $193,896,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of SentinelOne by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company’s stock worth $663,366,000 after buying an additional 399,056 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of SentinelOne by 6.4% in the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock valued at $145,052,000 after purchasing an additional 392,986 shares in the last quarter. Invesco Ltd. grew its position in shares of SentinelOne by 18.4% in the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock valued at $128,494,000 after purchasing an additional 900,577 shares during the last quarter. Marshall Wace LLP grew its position in shares of SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after purchasing an additional 4,206,900 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of SentinelOne by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 4,555,878 shares of the company’s stock worth $101,175,000 after purchasing an additional 70,282 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Price Performance

SentinelOne stock opened at $20.15 on Thursday. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of -21.44 and a beta of 0.81. The firm’s fifty day moving average price is $18.42 and its 200 day moving average price is $22.17.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Susquehanna dropped their price target on SentinelOne from $30.00 to $25.00 and set a “positive” rating for the company in a research report on Thursday, March 13th. Needham & Company LLC dropped their price objective on SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. reduced their target price on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Bank of America lowered their price target on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Finally, Roth Mkm started coverage on shares of SentinelOne in a research note on Wednesday, April 23rd. They set a “buy” rating and a $26.00 price objective on the stock. Seven equities research 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.13.

Insider Buying and Selling

In other news, insider Ric Smith sold 3,187 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total value of $59,086.98. Following the sale, the insider now owns 1,058,025 shares in the company, valued at approximately $19,615,783.50. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 39,477 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $771,775.35. Following the transaction, the chief executive officer now directly owns 900,249 shares in the company, valued at $17,599,867.95. The trade was a 4.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 432,498 shares of company stock worth $8,136,199. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Company 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.