36,624 Shares in SentinelOne, Inc. (NYSE:S) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in SentinelOne, Inc. (NYSE:S) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 36,624 shares of the company’s stock, valued at approximately $813,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in S. Smartleaf Asset Management LLC grew its stake in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares during the period. Bullseye Asset Management LLC grew its position in SentinelOne by 1.5% during the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after buying an additional 1,000 shares during the period. MetLife Investment Management LLC grew its position in SentinelOne by 17.4% during the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock worth $163,000 after buying an additional 1,012 shares during the period. Legato Capital Management LLC increased its holdings in SentinelOne by 8.1% in the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock valued at $304,000 after buying an additional 1,022 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of SentinelOne by 48.1% during the 4th quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company’s stock valued at $73,000 after acquiring an additional 1,067 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Stock Performance

NYSE S opened at $18.84 on Friday. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The company’s 50 day moving average price is $21.71 and its 200 day moving average price is $23.73. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -20.04 and a beta of 0.78.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on S shares. Piper Sandler lowered their price target on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Scotiabank dropped their price target on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Needham & Company LLC cut their price target on SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Morgan Stanley assumed coverage on shares of SentinelOne in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Finally, UBS Group cut their target price on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $26.33.

Insider Activity

In related news, insider Ric Smith sold 31,659 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total transaction of $604,686.90. Following the transaction, the insider now directly owns 477,271 shares of the company’s stock, valued at approximately $9,115,876.10. The trade was a 6.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 20,186 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $399,077.22. Following the completion of the sale, the chief executive officer now directly owns 900,111 shares of the company’s stock, valued at $17,795,194.47. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 455,855 shares of company stock valued at $9,528,052. Company insiders own 5.60% of the company’s stock.

SentinelOne 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.