SentinelOne CEO Tomer Weingarten sells shares value $2.76 million

Tomer Weingarten (NYSE:WRI), President and CEO of SentinelOne , Inc. (NYNYSE:SE:S), has just lately bought shares of the corporate’s Class A standard inventory valued at roughly $2.76 million. The transactions have been executed on January 6 and seven, 2025, with shares bought at costs starting from $22.52 to $22.83. The gross sales occurred close to the inventory’s present buying and selling worth of $22.50, with analyst worth targets starting from $24 to $35.

Weingarten’s sale was carried out below a pre-established Rule 10b5-1 buying and selling plan, which permits executives to arrange a buying and selling plan for promoting shares they personal. This plan was adopted on January 11, 2024. Following these transactions, Weingarten holds 959,682 shares immediately within the $7.23 billion market cap firm. Monitor insider transactions and get complete evaluation with InvestingPro.

Along with the gross sales, Weingarten acquired shares by means of the conversion of Class B widespread inventory to Class A standard inventory at a worth of $9.74 per share. These transactions, nonetheless, weren’t a part of the gross sales below the buying and selling plan.

The latest exercise displays a continued adjustment in Weingarten’s holdings in SentinelOne, a cybersecurity firm based mostly in Mountain View, California.

In different latest information, cybersecurity agency SentinelOne Inc has been the topic of a number of analyst changes following its fiscal third quarter 2025 outcomes. The corporate’s income exceeded expectations by a margin of $1.1 million, prompting a rise in its full-year income forecast by $3 million. SentinelOne additionally reported sturdy income development of 34.38% over the past twelve months. Cantor Fitzgerald set SentinelOne’s inventory at Obese with a $30 goal, highlighting the agency’s potential regardless of underperforming shares in comparison with its rivals. In the meantime, Bernstein maintained an Outperform ranking on the inventory, regardless of decreasing the worth goal to $30 from $32.

Scotiabank (TSX:BNS) elevated its worth goal for SentinelOne to $26 from $25, sustaining a Sector Carry out ranking. This adjustment got here after the corporate’s announcement of recent Annual Recurring Income (ARR) development within the third fiscal quarter. KeyBanc maintained SentinelOne’s Sector Weight ranking, following the corporate’s newest earnings report which included a modest $3 million ARR beat and a slight steering elevate for its fiscal fourth quarter income. Moreover, Piper Sandler analysts revealed a powerful outlook for IT spending, with SentinelOne prone to profit from the prioritization of cloud and information safety. These are the latest developments for SentinelOne Inc.

This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.