Investing

Dan Loeb's Third Point Cuts Stake in SentinelOne, Inc. (S)

Third Point LLC has filed a 13D/A form with the SEC disclosing ownership of 15,000,000 shares of SentinelOne, Inc. (S). This represents 6.7% of the company.

In their previous filing dated September 2, 2022 they reported 20,000,000 shares and 8.90% of the company, a decrease in shares of 25.00% and a decrease in total ownership of 2.20% (calculated as current – previous percent ownership).

What are other large shareholders doing?

Insight Holdings Group, LLC holds 34,646,230 shares representing 12.33% ownership of the company. No change in the last quarter.

Price T Rowe Associates Inc /md/ holds 27,110,040 shares representing 9.65% ownership of the company. In it’s prior filing, the firm reported owning 25,358,120 shares, representing an increase of 6.46%. The firm decreased its portfolio allocation in S by 19.33% over the last quarter.

Vanguard Group Inc holds 16,790,838 shares representing 5.98% ownership of the company. In it’s prior filing, the firm reported owning 11,516,251 shares, representing an increase of 31.41%. The firm decreased its portfolio allocation in S by 78.18% over the last quarter.

Tiger Global Management Llc holds 10,010,610 shares representing 3.56% ownership of the company. In it’s prior filing, the firm reported owning 5,909,855 shares, representing an increase of 40.96%. The firm increased its portfolio allocation in S by 127.85% over the last quarter.

What is the overall institutional sentiment?

There are 501 funds or institutions reporting positions in SentinelOne, Inc.. This is an increase of 109 owner(s) or 27.81%.

Average portfolio weight of all funds dedicated to SentinelOne, Inc. is 0.4162%, a decrease of 41.6996%. Total shares owned by institutions increased in the last three months by 8.45% to 213,459,320 shares.

This article originally appeared on Fintel

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.