Strs Ohio Purchases New Shares in SentinelOne, Inc. $S

Key Points

• Strs Ohio has acquired a new stake in SentinelOne, Inc., purchasing 507,558 shares valued at approximately $9.2 million, representing about 0.15% ownership of the company.
• Multiple hedge funds have increased their positions in SentinelOne, with 90.87% of the stock currently owned by institutional investors.
• SentinelOne's stock is currently trading at $18.29, with a market cap of $6.1 billion and a consensus rating of "Moderate Buy" from analysts.

Strs Ohio purchased a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 507,558 shares of the company's stock, valued at approximately $9,227,000. Strs Ohio owned approximately 0.15% of SentinelOne as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in S. Ameriprise Financial Inc. boosted its position in shares of SentinelOne by 12.3% during the fourth quarter. Ameriprise Financial Inc. now owns 233,313 shares of the company's stock valued at $5,180,000 after purchasing an additional 25,532 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of SentinelOne during the fourth quarter valued at approximately $1,906,000. Cetera Investment Advisers boosted its position in shares of SentinelOne by 66.4% during the fourth quarter. Cetera Investment Advisers now owns 38,959 shares of the company's stock valued at $865,000 after purchasing an additional 15,549 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of SentinelOne by 4.6% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock valued at $365,000 after purchasing an additional 724 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of SentinelOne by 47.0% during the fourth quarter. Lazard Asset Management LLC now owns 59,442 shares of the company's stock valued at $1,319,000 after purchasing an additional 19,013 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Stock Performance

Shares of NYSE S opened at $18.29 on Friday. The business's 50 day moving average price is $17.84 and its 200-day moving average price is $18.30. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29. The company has a market cap of $6.10 billion, a price-to-earnings ratio of -13.85 and a beta of 0.78.

Analyst Ratings Changes

Several equities research analysts have commented on S shares. Bank of America reissued a "neutral" rating and issued a $21.00 target price on shares of SentinelOne in a report on Thursday, May 29th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $19.00 target price (down from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. JMP Securities reissued a "market outperform" rating and issued a $29.00 target price on shares of SentinelOne in a report on Tuesday, September 9th. Susquehanna dropped their target price on SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a report on Thursday, May 29th. Finally, Stephens reissued an "overweight" rating and issued a $25.00 target price on shares of SentinelOne in a report on Tuesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, SentinelOne has a consensus rating of "Moderate Buy" and an average target price of $24.26.

Insiders Place Their Bets

In other SentinelOne news, insider Keenan Michael Conder sold 11,098 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $207,421.62. Following the transaction, the insider directly owned 579,407 shares in the company, valued at $10,829,116.83. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ric Smith sold 23,520 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $18.07, for a total value of $425,006.40. Following the transaction, the insider owned 928,021 shares in the company, valued at $16,769,339.47. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,753 shares of company stock valued at $6,195,217. Corporate insiders own 4.33% of the company's stock.

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.

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