Northwestern Mutual Wealth Management Co. Increases Stock Position in SentinelOne, Inc. $S

Key Points

• Northwestern Mutual Wealth Management Co. significantly increased its stake in SentinelOne, Inc. by 1,452.5% during Q1, now owning 518,677 shares valued at approximately $9.43 million.
• Analysts have revised their price targets for SentinelOne, with Wells Fargo setting a target of $18.00, while Guggenheim maintains a buy rating with a target of $28.00.
• SentinelOne's stock is currently trading at $16.43, down 0.9%, with a 52-week range between $15.36 and $29.29.

Northwestern Mutual Wealth Management Co. lifted its position in SentinelOne, Inc. (NYSE:S - Free Report) by 1,452.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 518,677 shares of the company's stock after buying an additional 485,268 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.16% of SentinelOne worth $9,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock worth $365,000 after buying an additional 724 shares in the last quarter. Parallel Advisors LLC increased its position in shares of 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 purchasing an additional 942 shares during the last quarter. Liberty One Investment Management LLC increased its position in shares of SentinelOne by 11.1% in the first quarter. Liberty One Investment Management LLC now owns 9,435 shares of the company's stock worth $172,000 after purchasing an additional 944 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of SentinelOne by 5.7% in the first quarter. SBI Securities Co. Ltd. now owns 19,272 shares of the company's stock worth $350,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of SentinelOne by 9.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 12,918 shares of the company's stock worth $235,000 after purchasing an additional 1,136 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Ric Smith sold 15,163 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $16.68, for a total value of $252,918.84. Following the completion of the sale, the insider owned 976,056 shares of the company's stock, valued at $16,280,614.08. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Robin Tomasello sold 2,921 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total value of $50,562.51. Following the completion of the sale, the chief accounting officer directly owned 306,044 shares of the company's stock, valued at $5,297,621.64. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,730 shares of company stock worth $2,366,017. Insiders own 4.33% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on S shares. JMP Securities restated a "market outperform" rating and issued a $29.00 price objective on shares of SentinelOne in a research report on Friday. Susquehanna decreased their price objective on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a research report on Thursday, May 29th. Scotiabank upped their price objective on shares of SentinelOne from $18.00 to $21.00 and gave the stock a "sector perform" rating in a research report on Friday. Needham & Company LLC upped their price objective on shares of SentinelOne from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Friday. Finally, BTIG Research reiterated a "neutral" rating on shares of SentinelOne in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.33.

SentinelOne Stock Performance

S stock traded up $1.30 on Friday, reaching $18.91. The company's stock had a trading volume of 19,336,839 shares, compared to its average volume of 6,222,815. The business has a fifty day simple moving average of $17.80 and a two-hundred day simple moving average of $18.68. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29. The firm has a market cap of $6.29 billion, a PE ratio of -14.33 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. SentinelOne had a negative return on equity of 15.96% and a negative net margin of 47.32%.The company had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. The company's revenue was up 22.9% compared to the same quarter last year. As a group, research analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

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.