New York State Common Retirement Fund Sells 54,064 Shares of SentinelOne, Inc. (NYSE:S)

New York State Common Retirement Fund reduced its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 472,996 shares of the company's stock after selling 54,064 shares during the quarter. New York State Common Retirement Fund owned 0.14% of SentinelOne worth $8,599,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new stake in shares of SentinelOne during the 1st quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. bought a new position in SentinelOne in the fourth quarter valued at $38,000. Foster Dykema Cabot & Partners LLC purchased a new stake in SentinelOne during the fourth quarter valued at about $40,000. GAMMA Investing LLC lifted its stake in SentinelOne by 513.3% during the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in SentinelOne by 94.0% during the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after purchasing an additional 942 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

S has been the subject of several analyst reports. Barclays cut their price target on shares of SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Thursday, May 29th. UBS Group reduced their price target on SentinelOne from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $18.00 price target (down from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Roth Mkm started coverage on SentinelOne in a research note on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price objective for the company. Finally, Morgan Stanley cut their target price on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.80.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 23,518 shares of SentinelOne stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $18.30, for a total transaction of $430,379.40. Following the completion of the sale, the insider owned 1,007,026 shares of the company's stock, valued at approximately $18,428,575.80. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 10,336 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $191,629.44. Following the completion of the sale, the chief executive officer directly owned 1,571,060 shares of the company's stock, valued at $29,127,452.40. The trade was a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,347 shares of company stock worth $3,464,807. 4.33% of the stock is currently owned by insiders.

SentinelOne Trading Up 1.7%

S stock opened at $18.03 on Friday. The stock's 50 day simple moving average is $18.43 and its 200 day simple moving average is $19.78. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29. The stock has a market capitalization of $5.99 billion, a PE ratio of -13.66 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The business had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. The firm's quarterly revenue was up 22.9% on a year-over-year basis. On average, research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current 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.

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