Strs Ohio Acquires New Holdings in SentinelOne, Inc. (NYSE:S)

Strs Ohio bought a new stake in SentinelOne, Inc. (NYSE:S) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,700 shares of the company’s stock, valued at approximately $814,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in S. Sylebra Capital LLC acquired a new stake in SentinelOne in the 3rd quarter valued at $64,981,000. Eminence Capital LP acquired a new stake in shares of SentinelOne during the third quarter worth $48,303,000. Bamco Inc. NY acquired a new stake in shares of SentinelOne during the third quarter worth $29,252,000. NewEdge Wealth LLC acquired a new position in SentinelOne in the fourth quarter valued at about $16,486,000. Finally, Legal & General Group Plc grew its stake in SentinelOne by 9.1% in the third quarter. Legal & General Group Plc now owns 7,021,945 shares of the company’s stock valued at $118,390,000 after acquiring an additional 584,079 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Trading Up 1.8 %

SentinelOne stock opened at $21.57 on Thursday. The firm has a 50-day moving average of $24.56 and a 200-day moving average of $22.89. SentinelOne, Inc. has a 1-year low of $12.43 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last released its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $174.18 million during the quarter, compared to analyst estimates of $169.40 million. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.84%. The business’s revenue was up 38.1% on a year-over-year basis. During the same period last year, the business earned ($0.30) earnings per share. On average, analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Loop Capital upped their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. DA Davidson upped their target price on SentinelOne from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Citigroup upped their target price on SentinelOne from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Sanford C. Bernstein upped their target price on SentinelOne from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Finally, BTIG Research upgraded SentinelOne from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.08.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 47,365 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $22.28, for a total transaction of $1,055,292.20. Following the completion of the sale, the chief executive officer now owns 1,285,122 shares of the company’s stock, valued at approximately $28,632,518.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other SentinelOne news, CFO David J. Bernhardt sold 34,021 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $30.03, for a total value of $1,021,650.63. Following the sale, the chief financial officer now owns 403,132 shares in the company, valued at approximately $12,106,053.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 47,365 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $22.28, for a total transaction of $1,055,292.20. Following the completion of the sale, the chief executive officer now owns 1,285,122 shares in the company, valued at approximately $28,632,518.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 296,833 shares of company stock valued at $7,717,085. Company insiders own 5.93% of the company’s stock.

SentinelOne Profile

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.