Nuveen LLC Takes $33.63 Million Position in SentinelOne, Inc. (NYSE:S)

Key Points

• Nuveen LLC has acquired a new stake in SentinelOne, Inc., purchasing approximately 1.85 million shares valued at around $33.63 million, representing 0.56% of the company's total shares.
• Recent analyst ratings show mixed views on SentinelOne, with Barclays and UBS lowering their price targets to $19.00, while Roth Capital set a target of $26.00 and maintained a "buy" rating.
• SentinelOne reported a quarterly revenue increase of 22.9% year-over-year, with total revenue of $229.03 million, and earnings per share meeting expectations at $0.02.

Nuveen LLC purchased a new stake in SentinelOne, Inc. (NYSE:S - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,849,701 shares of the company's stock, valued at approximately $33,628,000. Nuveen LLC owned approximately 0.56% of SentinelOne at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. CENTRAL TRUST Co purchased a new position in SentinelOne in the first quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in SentinelOne in the fourth quarter worth approximately $38,000. GAMMA Investing LLC grew its position in SentinelOne by 513.3% in the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after acquiring an additional 1,622 shares during the period. Parallel Advisors LLC grew its position in SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after acquiring an additional 942 shares during the period. Finally, Versant Capital Management Inc grew its position in SentinelOne by 510.9% in the first quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock worth $42,000 after acquiring an additional 1,921 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on S shares. Barclays lowered their price objective on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company 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. Roth Capital set a $26.00 price objective on SentinelOne and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. UBS Group decreased their price target on SentinelOne from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Finally, Rosenblatt Securities initiated coverage on SentinelOne in a research note on Friday, July 18th. They set a "buy" rating and a $24.00 price target on the stock. Ten 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. According to MarketBeat, SentinelOne currently has an average rating of "Moderate Buy" and an average target price of $24.80.

SentinelOne Price Performance

NYSE S opened at $16.80 on Friday. The firm's fifty day moving average price is $17.93 and its 200 day moving average price is $19.12. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of -12.73 and a beta of 0.77.

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

Insider Transactions at SentinelOne

In other news, CAO Robin Tomasello sold 2,921 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $50,562.51. Following the completion of the sale, the chief accounting officer owned 306,044 shares in the company, valued at approximately $5,297,621.64. This represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 31,916 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total value of $552,465.96. Following the transaction, the chief executive officer directly owned 1,500,460 shares in the company, valued at approximately $25,972,962.60. This represents a 2.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,730 shares of company stock worth $2,366,017. 4.33% of the stock is currently owned by corporate insiders.

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.

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