SentinelOne, Inc. $S Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its stake in SentinelOne, Inc. (NYSE:S) by 17.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,039 shares of the company’s stock after selling 2,802 shares during the period. Maryland State Retirement & Pension System’s holdings in SentinelOne were worth $237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in SentinelOne by 4.4% in the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock valued at $567,214,000 after purchasing an additional 1,318,533 shares during the last quarter. Sylebra Capital LLC boosted its holdings in SentinelOne by 6.2% in the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock valued at $213,415,000 after purchasing an additional 564,327 shares during the last quarter. Eminence Capital LP boosted its holdings in SentinelOne by 6.4% in the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock valued at $145,052,000 after purchasing an additional 392,986 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in SentinelOne by 92.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock worth $96,898,000 after buying an additional 2,558,702 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in SentinelOne by 36.2% during the 1st quarter. Federated Hermes Inc. now owns 3,544,338 shares of the company’s stock worth $64,436,000 after buying an additional 941,302 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. DA Davidson lowered their target price on SentinelOne from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, May 29th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $19.00 target price (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Guggenheim reaffirmed a “buy” rating and set a $28.00 price target on shares of SentinelOne in a research note on Wednesday, May 21st. Roth Capital set a $26.00 price target on SentinelOne and gave the company a “buy” rating in a research note on Tuesday, April 22nd. Finally, UBS Group decreased their price target on SentinelOne from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Ten equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and an average price target of $24.80.

Insiders Place Their Bets

In related news, insider Ric Smith sold 27,481 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $502,352.68. Following the completion of the transaction, the insider owned 1,030,544 shares in the company, valued at $18,838,344.32. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tomer Weingarten sold 31,916 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $552,465.96. Following the completion of the transaction, the chief executive officer owned 1,500,460 shares of the company’s stock, valued at $25,972,962.60. This trade represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,730 shares of company stock valued at $2,366,017 over the last quarter. 4.33% of the stock is owned by insiders.

SentinelOne Trading Up 1.1%

NYSE S opened at $16.99 on Tuesday. The stock’s 50 day moving average is $17.91 and its two-hundred day moving average is $19.03. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of -12.87 and a beta of 0.77. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. SentinelOne’s revenue was up 22.9% compared to the same quarter last year. On average, analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

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.