New York State Common Retirement Fund Sells 12,296 Shares of SentinelOne, Inc. (NYSE:S)

New York State Common Retirement Fund trimmed its position in SentinelOne, Inc. (NYSE:S) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,040 shares of the company’s stock after selling 12,296 shares during the period. New York State Common Retirement Fund owned 0.07% of SentinelOne worth $5,407,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of SentinelOne during the third quarter valued at approximately $434,000. Xponance Inc. purchased a new position in SentinelOne during the third quarter valued at $188,000. Raymond James & Associates boosted its holdings in SentinelOne by 189.3% in the third quarter. Raymond James & Associates now owns 45,535 shares of the company’s stock worth $768,000 after acquiring an additional 29,793 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of SentinelOne by 175.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 57,092 shares of the company’s stock worth $963,000 after acquiring an additional 36,342 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of SentinelOne by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 1,554,020 shares of the company’s stock valued at $26,201,000 after acquiring an additional 74,118 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on S. Wells Fargo & Company raised their price objective on shares of SentinelOne from $22.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. Morgan Stanley boosted their price objective on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. BTIG Research raised SentinelOne from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Monday, January 22nd. JMP Securities restated a “market outperform” rating and issued a $33.00 price target on shares of SentinelOne in a research note on Monday, April 1st. Finally, Needham & Company LLC increased their price objective on SentinelOne from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.08.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 47,365 shares of the stock in a transaction dated 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 $28,632,518.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Tomer Weingarten sold 47,365 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $22.28, for a total value of $1,055,292.20. Following the completion of the transaction, the chief executive officer now directly owns 1,285,122 shares of the company’s stock, valued at $28,632,518.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Robin Tomasello sold 4,001 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total transaction of $109,027.25. Following the sale, the chief accounting officer now directly owns 203,196 shares in the company, valued at approximately $5,537,091. 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 Stock Down 1.2 %

S stock opened at $21.25 on Friday. The business’s 50-day moving average price is $23.44 and its 200-day moving average price is $23.09. SentinelOne, Inc. has a twelve month low of $12.43 and a twelve month high of $30.76.

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