Public Employees Retirement System of Ohio Has $2.62 Million Stake in SentinelOne, Inc. (NYSE:S)

Public Employees Retirement System of Ohio lifted its holdings in shares of SentinelOne, Inc. (NYSE:S) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,695 shares of the company’s stock after purchasing an additional 12,413 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in SentinelOne were worth $2,624,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP bought a new position in SentinelOne during the 3rd quarter worth about $27,000,000. State Street Corp boosted its position in shares of SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after buying an additional 516,244 shares during the period. Cinctive Capital Management LP grew its holdings in shares of SentinelOne by 363.0% during the third quarter. Cinctive Capital Management LP now owns 807,787 shares of the company’s stock worth $19,322,000 after buying an additional 633,301 shares in the last quarter. Atom Investors LP acquired a new stake in SentinelOne in the 3rd quarter valued at approximately $3,866,000. Finally, Atreides Management LP lifted its stake in SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after acquiring an additional 2,200,594 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total transaction of $1,938,758.76. Following the sale, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at approximately $22,658,092.02. The trade was a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total transaction of $352,908.60. Following the completion of the transaction, the insider now directly owns 585,647 shares of the company’s stock, valued at approximately $14,172,657.40. The trade was a 2.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 418,999 shares of company stock valued at $10,373,693. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on S. Susquehanna lifted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, December 5th. Loop Capital raised their price objective on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 target price on shares of SentinelOne in a report on Friday, September 13th. DA Davidson raised their price target on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $25.00 to $32.00 in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.42.

SentinelOne Trading Up 1.3 %

Shares of S stock opened at $24.21 on Tuesday. The stock has a 50 day simple moving average of $26.38 and a 200 day simple moving average of $23.29. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76. The stock has a market cap of $7.78 billion, a P/E ratio of -25.76 and a beta of 0.67.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The company had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) EPS. Analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

About SentinelOne

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.