Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Acquires 104,182 Shares of SentinelOne, Inc. (NYSE:S)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. boosted its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 15.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 799,521 shares of the company's stock after buying an additional 104,182 shares during the quarter. SentinelOne makes up approximately 2.9% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its 13th largest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. owned 0.24% of SentinelOne worth $14,535,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in S. Marshall Wace LLP grew its position in SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock valued at $106,447,000 after purchasing an additional 4,206,900 shares during the period. Norges Bank purchased a new position in SentinelOne during the 4th quarter worth $73,528,000. Point72 Asset Management L.P. purchased a new position in SentinelOne during the 4th quarter worth $63,120,000. Massachusetts Financial Services Co. MA boosted 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 acquiring an additional 2,558,702 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in SentinelOne by 368.5% during the 4th quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock worth $57,787,000 after acquiring an additional 2,047,430 shares during the last quarter. Institutional investors own 90.87% of the company's stock.

SentinelOne Trading Down 1.5%

NYSE:S traded down $0.31 during trading hours on Tuesday, hitting $19.48. The company had a trading volume of 6,885,735 shares, compared to its average volume of 5,288,571. The company has a market cap of $6.48 billion, a P/E ratio of -14.76 and a beta of 0.77. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The company has a 50-day moving average of $18.43 and a 200 day moving average of $19.76.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group cut their price target on shares of SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Barclays lowered their price objective on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 29th. Bank of America reiterated a "neutral" rating and issued a $21.00 price objective on shares of SentinelOne in a research report on Thursday, May 29th. Sanford C. Bernstein lowered their target price on shares of SentinelOne from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Thursday, May 29th. Finally, DA Davidson lowered their target price on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, SentinelOne presently has an average rating of "Moderate Buy" and a consensus price target of $24.80.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 10,336 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total value of $191,629.44. Following the transaction, the chief executive officer owned 1,571,060 shares in the company, valued at approximately $29,127,452.40. This represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $202,853.16. Following the completion of the transaction, the insider owned 596,332 shares in the company, valued at approximately $10,900,948.96. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,483 shares of company stock worth $2,470,898 in the last quarter. 4.33% of the stock is owned by company insiders.

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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