Third Point Trims SentinelOne, Its Largest Long

The move comes after Dan Loeb’s hedge fund firm sharply reduced its stake in Upstart Holdings in the fourth quarter.

Dan Loeb (David Paul Morris/Bloomberg)

Dan Loeb

(David Paul Morris/Bloomberg)

Third Point has begun to pare back its largest long position.

On March 17, the hedge fund firm headed by Dan Loeb sold 405,000 shares of cyber security company SentinelOne for an average price per share of between $35.53 and $36.85, according to a regulatory filing.

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