Top Hedge Funds are Selling These 5 Stocks

In this article, we discuss the 5 stocks that top hedge funds are selling. If you want to read our detailed analysis of these stocks, go directly to Top Hedge Funds are Selling These 10 Stocks.

5. SentinelOne, Inc. (NYSE:S)

Number of Hedge Fund Holders in Q3: 35  

Number of Hedge Fund Holders in Q2: 67  

SentinelOne, Inc. (NYSE:S) provides cybersecurity solutions. The company failed to meet market expectations on earnings for the third quarter despite a healthy outlook for cybersecurity firms and the share price has fallen since then. 

Jefferies analyst Brent Thill has a Hold rating on SentinelOne, Inc. (NYSE:S) stock with a price target of $70. The analyst, in an investor note, said that the firm had shown success with a land/expand strategy since the IPO. 

At the end of the third quarter of 2021, 35 hedge funds in the database of Insider Monkey held stakes worth $2.2 billion in SentinelOne, Inc. (NYSE:S), down from 67 in the preceding quarter worth $2 billion.