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

Penn Capital Management Company LLC lessened its stake in SentinelOne, Inc. (NYSE:S) by 56.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Carnegie Investment Counsel acquired a new stake in shares of SentinelOne during the 4th quarter worth approximately $7,167,000. Franklin Resources Inc. boosted its stake in SentinelOne by 5.5% in the third quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after acquiring an additional 1,366 shares during the last quarter. SG Americas Securities LLC grew its holdings in SentinelOne by 74.8% during the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company’s stock worth $1,269,000 after acquiring an additional 24,453 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in shares of SentinelOne by 130.0% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company’s stock valued at $5,106,000 after acquiring an additional 130,000 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of SentinelOne by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock valued at $442,000 after purchasing an additional 1,111 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on S. Jefferies Financial Group decreased their price objective on SentinelOne from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Bank of America lowered their price target on SentinelOne from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Robert W. Baird reduced their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Citigroup decreased their price objective on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Finally, Canaccord Genuity Group reduced their price target on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and a consensus target price of $26.13.

SentinelOne Trading Up 3.8 %

Shares of NYSE S opened at $17.97 on Friday. The stock has a 50 day moving average of $19.01 and a 200-day moving average of $22.82. 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 $5.92 billion, a P/E ratio of -19.12 and a beta of 0.82.

Insiders Place Their Bets

In other SentinelOne news, CAO Robin Tomasello sold 1,496 shares of SentinelOne stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $29,575.92. Following the completion of the transaction, the chief accounting officer now directly owns 233,484 shares of the company’s stock, valued at $4,615,978.68. The trade was a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 10,178 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total value of $243,763.10. Following the sale, the chief executive officer now owns 949,504 shares of the company’s stock, valued at approximately $22,740,620.80. The trade was a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 455,855 shares of company stock worth $9,151,304 in the last quarter. 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.