SentinelOne CEO Tomer Weingarten sells $1.17 million in stock

Published 26/03/2025, 01:12
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Tomer Weingarten (NYSE:WRI), President and CEO of SentinelOne , Inc. (NYSE:S), recently sold a significant portion of the company’s Class A common stock. According to the filing, Weingarten sold 60,864 shares at a weighted average price of $19.1663 per share, amounting to approximately $1.17 million. The cybersecurity company, currently valued at $6.5 billion, trades near $20 per share and appears fairly valued according to InvestingPro analysis. The transactions were executed under a Rule 10b5-1 trading plan. Following the sale, Weingarten’s direct ownership stands at 920,297 shares.

In addition to the sales, Weingarten also acquired shares through the conversion of Class B to Class A common stock and exercised stock options, although these transactions did not involve any cash exchange. The shares acquired through these transactions were 60,864 and 40,803, respectively.

In other recent news, SentinelOne Inc has been the focus of multiple analyst updates following its fourth-quarter results and future financial guidance. Despite reporting strong year-end performance, the company’s fiscal year 2026 outlook has prompted several analysts to adjust their price targets. TD Cowen has reduced its price target from $35 to $26, maintaining a Buy rating, citing macroeconomic pressures and a $10 million impact from a product sunset. Bernstein SocGen also lowered its price target to $27 from $30, while keeping an Outperform rating, noting a revenue surpassing guidance but concerns over annual recurring revenue (ARR) figures.

Meanwhile, DA Davidson cut the target to $18 from $25, holding a Neutral rating, due to skepticism about significant improvements in net new annual recurring revenue (NNARR) growth. Piper Sandler adjusted its target to $28 from $32, maintaining an Overweight rating, and highlighted customer growth and traction beyond endpoint security. KeyBanc kept a Sector Weight rating, noting a minor shortfall in ARR and a $16 million shortfall in fiscal year 2026 ARR guidance. These recent developments reflect a varied response from analysts, with some maintaining positive ratings despite adjustments in financial estimates.

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