Edgestream Partners L.P. Sells 326,847 Shares of SentinelOne, Inc. $S

Edgestream Partners L.P. decreased its holdings in shares of SentinelOne, Inc. (NYSE:S) by 67.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in S. Vanguard Group Inc. raised its holdings in shares of SentinelOne by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock valued at $567,214,000 after acquiring an additional 1,318,533 shares in the last quarter. Sylebra Capital LLC increased its position in shares of SentinelOne by 10.0% in the first quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company’s stock worth $192,218,000 after purchasing an additional 959,771 shares during the last quarter. Voya Investment Management LLC increased its position in shares of SentinelOne by 2.9% in the first quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company’s stock worth $146,841,000 after purchasing an additional 229,230 shares during the last quarter. Legal & General Group Plc raised its stake in SentinelOne by 17.5% in the second quarter. Legal & General Group Plc now owns 7,073,743 shares of the company’s stock valued at $129,308,000 after purchasing an additional 1,053,340 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in SentinelOne by 9.6% during the second quarter. Geode Capital Management LLC now owns 5,274,968 shares of the company’s stock valued at $96,444,000 after purchasing an additional 461,259 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SentinelOne

In other SentinelOne news, CFO Barbara A. Larson sold 54,583 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $18.13, for a total value of $989,589.79. Following the completion of the sale, the chief financial officer owned 549,498 shares in the company, valued at approximately $9,962,398.74. The trade was a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Keenan Michael Conder sold 5,871 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $16.56, for a total transaction of $97,223.76. Following the completion of the transaction, the insider owned 573,536 shares in the company, valued at $9,497,756.16. This represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 481,090 shares of company stock worth $8,637,206 over the last three months. Corporate insiders own 4.33% of the company’s stock.

SentinelOne Stock Down 0.1%

SentinelOne stock opened at $16.95 on Friday. The firm has a fifty day simple moving average of $17.00 and a two-hundred day simple moving average of $17.71. SentinelOne, Inc. has a twelve month low of $15.17 and a twelve month high of $26.64. The company has a market capitalization of $5.65 billion, a PE ratio of -12.84 and a beta of 0.76.

Wall Street Analyst Weigh In

S has been the topic of a number of research analyst reports. UBS Group increased their price target on shares of SentinelOne from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Morgan Stanley reiterated a “positive” rating on shares of SentinelOne in a research report on Tuesday, September 2nd. JMP Securities restated a “market outperform” rating and set a $29.00 price target on shares of SentinelOne in a research report on Tuesday, September 9th. Cantor Fitzgerald dropped their price target on SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Finally, Wells Fargo & Company upped their price objective on SentinelOne from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $23.81.

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.