Teacher Retirement System of Texas Raises Stock Holdings in SentinelOne, Inc. (NYSE:S)

Teacher Retirement System of Texas increased its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 45.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 53,165 shares of the company's stock after buying an additional 16,541 shares during the period. Teacher Retirement System of Texas' holdings in SentinelOne were worth $967,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of SentinelOne by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company's stock worth $663,366,000 after buying an additional 399,056 shares in the last quarter. Sylebra Capital LLC raised its stake in SentinelOne by 6.2% in the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company's stock worth $213,415,000 after purchasing an additional 564,327 shares in the last quarter. Eminence Capital LP raised its stake in SentinelOne by 6.4% in the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock worth $145,052,000 after purchasing an additional 392,986 shares in the last quarter. Invesco Ltd. boosted its holdings in SentinelOne by 18.4% in the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock valued at $128,494,000 after purchasing an additional 900,577 shares during the period. Finally, Marshall Wace LLP grew its position in shares of SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after purchasing an additional 4,206,900 shares in the last quarter. Institutional investors own 90.87% of the company's stock.

SentinelOne Stock Up 2.9%

SentinelOne stock traded up $0.51 during midday trading on Monday, hitting $17.80. 5,547,797 shares of the stock were exchanged, compared to its average volume of 5,306,513. SentinelOne, Inc. has a 52-week low of $15.36 and a 52-week high of $29.29. The business's 50-day moving average price is $18.56 and its 200-day moving average price is $19.92. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of -13.48 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. The business had revenue of $229.03 million for the quarter, compared to analyst estimates 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 for the quarter was up 22.9% compared to the same quarter last year. On average, sell-side analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the sale, the insider owned 596,332 shares in the company, valued at $10,900,948.96. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 10,336 shares of SentinelOne stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total value of $191,629.44. Following the completion of the transaction, the chief executive officer owned 1,571,060 shares of the company's stock, valued at approximately $29,127,452.40. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,347 shares of company stock worth $3,464,807 over the last ninety days. 4.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

S has been the topic of a number of analyst reports. Guggenheim reiterated a "buy" rating and set a $28.00 price objective on shares of SentinelOne in a research note on Wednesday, May 21st. Bank of America reaffirmed a "neutral" rating and set a $21.00 price target on shares of SentinelOne in a report on Thursday, May 29th. UBS Group decreased their price objective on shares of SentinelOne from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Roth Mkm initiated coverage on SentinelOne in a research note on Wednesday, April 23rd. They set a "buy" rating and a $26.00 target price for the company. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $18.00 target price (down previously from $22.00) on shares of SentinelOne in a report 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's stock. According to MarketBeat.com, SentinelOne currently has an average rating of "Moderate Buy" and a consensus target price of $24.83.

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.