SentinelOne, Inc. (NYSE:S) Shares Bought by Utah Retirement Systems

Utah Retirement Systems boosted its position in shares of SentinelOne, Inc. (NYSE:S – Get Rating) by 10.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 9,800 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Utah Retirement Systems’ holdings in SentinelOne were worth $250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in shares of SentinelOne during the 1st quarter valued at about $43,000. Lazard Asset Management LLC purchased a new position in shares of SentinelOne during the 3rd quarter valued at about $31,000. Gordian Capital Singapore Pte Ltd raised its stake in shares of SentinelOne by 1,881.2% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 2,001 shares of the company’s stock valued at $47,000 after buying an additional 1,900 shares during the last quarter. American International Group Inc. purchased a new position in shares of SentinelOne during the 2nd quarter valued at about $56,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of SentinelOne during the 1st quarter valued at about $108,000. Institutional investors and hedge funds own 79.18% of the company’s stock.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $13.96 on Tuesday. The stock’s 50 day simple moving average is $15.14 and its 200-day simple moving average is $18.83. SentinelOne, Inc. has a 1-year low of $12.69 and a 1-year high of $42.84.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 400,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $15.32, for a total value of $6,128,000.00. Following the transaction, the chief executive officer now directly owns 259,427 shares in the company, valued at $3,974,421.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Tomer Weingarten sold 400,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $15.32, for a total value of $6,128,000.00. Following the transaction, the chief executive officer now directly owns 259,427 shares in the company, valued at $3,974,421.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David J. Bernhardt sold 1,538 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $16.30, for a total value of $25,069.40. Following the completion of the transaction, the chief financial officer now owns 94,876 shares in the company, valued at $1,546,478.80. The disclosure for this sale can be found here. Insiders have sold a total of 421,460 shares of company stock worth $6,463,357 in the last ninety days. Insiders own 7.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group reduced their price objective on SentinelOne from $39.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, December 7th. Guggenheim began coverage on SentinelOne in a research note on Monday, January 23rd. They issued a “buy” rating and a $18.00 price target for the company. Morgan Stanley lowered SentinelOne from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $30.00 to $16.00 in a research note on Thursday, January 12th. BTIG Research cut their price target on SentinelOne from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, December 7th. Finally, JPMorgan Chase & Co. began coverage on SentinelOne in a research note on Tuesday, January 24th. They issued an “overweight” rating and a $18.00 price target for the company. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, SentinelOne currently has an average rating of “Hold” and an average price target of $22.08.

About SentinelOne

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.