Fortinet director Kenneth Goldman sells $99,320 in stock

Published 12/03/2025, 01:30
Fortinet director Kenneth Goldman sells $99,320 in stock

Kenneth Goldman, a director at Fortinet Inc. (NASDAQ:FTNT), recently sold 1,000 shares of the company’s common stock. The transaction, dated March 10, 2025, was executed at a price of $99.32 per share, resulting in a total sale value of $99,320. This sale was conducted under a Rule 10b5-1 trading plan, which Goldman adopted on December 9, 2024. The sale comes as Fortinet maintains strong financial fundamentals, with impressive gross profit margins of 80.5% and a "GREAT" financial health rating according to InvestingPro analysis.

Following this transaction, Goldman holds 20,612 shares directly. Additionally, he maintains indirect ownership of 1,000 shares through GV Partners L.P. and 20,750 shares via the Goldman-Valeriote Family Trust. The stock has shown strong momentum with a 32% gain over the past six months, despite a recent 8% pullback last week. InvestingPro subscribers have access to 16 additional key insights about Fortinet’s valuation and growth prospects.

In other recent news, Fortinet has been the focus of several analysts’ updates following its strong financial performance. Erste Group initiated coverage with a Buy rating, citing Fortinet’s impressive return on equity and projected revenue growth for 2025, which is expected to reach between $6.7 and $6.9 billion. The company is also noted for maintaining high margins, with a gross margin of approximately 80% and an operating margin between 31% and 33%. In addition, Citi analyst Fatima Boolani raised Fortinet’s price target to $115, highlighting the company’s stable performance and growth in product billings and large deals.

TD Cowen also increased Fortinet’s price target to $135, crediting the company’s success to factors such as demand from firewall refresh cycles and growth in its Security Operations segment. RBC Capital Markets adjusted its price target to $115, observing momentum in enterprise upgrades and potential upsells. Meanwhile, BMO Capital Markets raised their price target to $122, acknowledging Fortinet’s strong quarter but expressing reservations about the company’s fiscal year 2025 guidance. These developments reflect a broad recognition of Fortinet’s robust financial health and strategic positioning in the cybersecurity market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.