Ric Smith, President of Product, Technology & Operations at SentinelOne , Inc. (NYNYSE:E:S), has made notable transactions involving the company’s stock. On December 26, 2024, Smith sold 14,583 shares of Class A Common Stock at a weighted average price of $22.7536, totaling approximately $331,815. This sale was executed under a Rule 10b5-1 trading plan, which was adopted earlier in the year.
Additionally, Smith acquired 14,583 shares of Class A Common Stock through the conversion of Class B stock, with the shares priced at $9.74 each, amounting to a total value of $142,038. Following these transactions, Smith holds 531,459 shares of SentinelOne.
In other recent news, financial firms have been adjusting their outlooks on cybersecurity company SentinelOne. Bernstein maintained an Outperform rating on the stock, despite lowering the price target to $30 from $32. This adjustment came after SentinelOne’s fiscal third quarter 2025 results, which revealed revenue exceeded expectations by $1.1 million. The company also increased its full-year revenue forecast by $3 million and the implied guidance for fiscal fourth quarter 2025 by nearly $2 million.
Meanwhile, KeyBanc kept its Sector Weight rating on SentinelOne’s shares, following the company’s latest earnings report which showed a modest $3 million annual recurring revenue beat and a slight guidance raise for its fiscal fourth quarter revenue. Scotiabank (TSX:) increased the price target to $26 from $25 while maintaining a Sector Perform rating, following SentinelOne’s announcement of new Annual Recurring Revenue growth in the third fiscal quarter.
In related news, Piper Sandler analysts have released insights on the tech sector shares following the 2025 CIO Survey, revealing a strong outlook for IT spending. Microsoft (NASDAQ:), with its impressive $3.25 trillion market cap and 16.44% revenue growth over the last twelve months, continues to demonstrate strong market leadership. The company reported a 16% year-on-year increase in Q1 FY2025 revenue, reaching $65.6 billion. The company’s cloud unit, Microsoft Cloud, also reported robust performance, with revenues surpassing $38.9 billion, marking a 22% increase from the previous year.
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