Public Employees Retirement System of Ohio Acquires 12,413 Shares of SentinelOne, Inc. (NYSE:S)

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

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in SentinelOne during the 3rd quarter worth about $27,000,000. State Street Corp raised 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 acquiring an additional 516,244 shares during the last quarter. Cinctive Capital Management LP lifted its stake in shares of SentinelOne by 363.0% in the third quarter. Cinctive Capital Management LP now owns 807,787 shares of the company’s stock worth $19,322,000 after acquiring an additional 633,301 shares during the period. Atom Investors LP bought a new stake in SentinelOne in the third quarter valued at approximately $3,866,000. Finally, Atreides Management LP boosted its holdings 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. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Price Performance

S opened at $24.21 on Tuesday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm has a market capitalization of $7.78 billion, a P/E ratio of -25.76 and a beta of 0.67. The company’s 50-day moving average is $26.38 and its 200 day moving average is $23.29.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Guggenheim restated a “buy” rating and issued a $31.00 price target on shares of SentinelOne in a research report on Thursday, December 5th. DA Davidson boosted their target price on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird upped their price target on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. Finally, Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.42.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 41,170 shares of SentinelOne stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total value of $987,256.60. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,744,386.82. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Monday, October 7th. The shares were sold at an average price of $23.42, for a total value of $1,425,434.88. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares of the company’s stock, valued at approximately $24,345,019.74. This trade represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 418,999 shares of company stock worth $10,373,693 in the last quarter. 5.60% of the stock is currently owned by company insiders.

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.