Third Point Slashes Its Stake in SentinelOne

The firm has now sharply reduced its positions in three once-private investments.

Dan Loeb (David Paul Morris/Bloomberg)

Dan Loeb

(David Paul Morris/Bloomberg)

Third Point, the hedge fund firm headed by Dan Loeb, has sold five million shares of cybersecurity company SentinelOne over the past month and a half, reducing its stake by 25 percent to 15 million shares, according to a regulatory filing.

The firm also slashed its stakes in two other previously private investments, including its one-time largest long position and top performer.


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