New York State Common Retirement Fund Purchases 391,432 Shares of SentinelOne, Inc. (NYSE:S)

New York State Common Retirement Fund boosted its holdings in shares of SentinelOne, Inc. (NYSE:S) by 288.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 527,060 shares of the company’s stock after buying an additional 391,432 shares during the period. New York State Common Retirement Fund’s holdings in SentinelOne were worth $11,701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in S. Champlain Investment Partners LLC bought a new position in shares of SentinelOne in the 3rd quarter worth $80,604,000. Sylebra Capital LLC grew its position in SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after acquiring an additional 2,282,980 shares in the last quarter. Atreides Management LP increased its stake in SentinelOne by 137.3% in the third 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 during the last quarter. Stephens Investment Management Group LLC purchased a new stake in SentinelOne during the third quarter valued at about $30,972,000. Finally, Wellington Management Group LLP bought a new stake in SentinelOne during the third quarter worth about $27,000,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Trading Down 1.0 %

Shares of S opened at $21.90 on Tuesday. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of -23.29 and a beta of 0.75. The firm’s 50-day moving average price is $23.07 and its 200-day moving average price is $24.36.

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

Wall Street Analyst Weigh In

S has been the topic of several recent research reports. Cantor Fitzgerald assumed coverage on SentinelOne in a research report on Thursday, January 9th. They set an “overweight” rating and a $30.00 price objective on the stock. Guggenheim reiterated a “buy” rating and set a $31.00 price target on shares of SentinelOne in a research report on Thursday, December 5th. Citigroup lowered their price objective on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Robert W. Baird increased their target price on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Finally, Barclays decreased their target price on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average target price of $29.48.

Insider Buying and Selling

In other news, insider Ric Smith sold 41,170 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total value of $987,256.60. Following the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,744,386.82. The trade was a 7.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $23.74, for a total value of $1,444,911.36. Following the completion of the sale, the chief executive officer now owns 959,682 shares in the company, valued at $22,782,850.68. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 357,341 shares of company stock valued at $8,423,765 over the last ninety days. Company insiders own 5.60% of the company’s stock.

SentinelOne Company 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.