UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Position in SentinelOne, Inc. $S

Key Points

• UBS AM significantly increased its stake in SentinelOne, Inc. by 131.3% to over 4.37 million shares, valued at approximately $79.5 million.
• Insider transactions indicate notable sales, with CEO Tomer Weingarten selling 162,794 shares and CAO Robin Tomasello selling 8,508 shares, both resulting in decreased ownership positions.
• SentinelOne has a current market capitalization of $6.10 billion with recent analyst targets ranging from $21.00 to $29.00, reflecting a generally optimistic outlook from several brokerages.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 131.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,374,714 shares of the company's stock after buying an additional 2,483,136 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.33% of SentinelOne worth $79,532,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in S. CENTRAL TRUST Co purchased a new position in shares of SentinelOne in the 1st quarter valued at approximately $26,000. Parallel Advisors LLC raised its stake in shares of SentinelOne by 94.0% during 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. GAMMA Investing LLC lifted its holdings in shares of SentinelOne by 513.3% during the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after purchasing an additional 1,622 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in SentinelOne in the 4th quarter valued at $38,000. Finally, Versant Capital Management Inc increased its stake in SentinelOne by 510.9% in the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock valued at $42,000 after buying an additional 1,921 shares during the period. Hedge funds and other institutional investors own 90.87% of the company's stock.

Insider Transactions at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 8,508 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $159,014.52. Following the sale, the chief accounting officer owned 297,536 shares in the company, valued at approximately $5,560,947.84. This represents a 2.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 162,794 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $18.38, for a total value of $2,992,153.72. Following the sale, the chief executive officer owned 1,298,982 shares in the company, valued at approximately $23,875,289.16. This trade represents a 11.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,753 shares of company stock valued at $6,195,217. Company insiders own 4.33% of the company's stock.

SentinelOne Price Performance

NYSE S opened at $18.29 on Friday. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29. The company has a market capitalization of $6.10 billion, a P/E ratio of -13.85 and a beta of 0.78. The business has a 50 day moving average price of $17.84 and a 200 day moving average price of $18.30.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on S. JMP Securities reiterated a "market outperform" rating and set a $29.00 price target on shares of SentinelOne in a research note on Tuesday, September 9th. Sanford C. Bernstein lifted their price objective on SentinelOne from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, August 29th. UBS Group increased their target price on SentinelOne from $19.00 to $21.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Susquehanna cut their target price on SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research note on Thursday, May 29th. Finally, Bank of America reissued a "neutral" rating and set a $21.00 target price on shares of SentinelOne in a research note on Thursday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $24.26.

About SentinelOne

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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