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Tomer Weingarten (NYSE:WRI), President and CEO of SentinelOne , Inc. (NYSE:S), a cybersecurity company with a market capitalization of $6.2 billion and impressive revenue growth of 32% year-over-year, recently executed significant stock transactions according to a regulatory filing. On March 19 and March 20, Weingarten sold a total of 142,483 shares of Class A common stock, with the sales prices ranging from $19.4576 to $19.5908 per share. These transactions amounted to approximately $2.78 million. According to InvestingPro analysis, the company maintains a strong balance sheet, holding more cash than debt.
In addition to the sales, Weingarten also converted Class B common stock into Class A common stock, acquiring a total of 121,728 shares at a conversion price of $9.74 per share, summing up to a value of approximately $1.19 million. These conversions were part of the CEO’s ongoing management of his equity holdings in the company.
The sales were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks, thereby helping to avoid accusations of insider trading. As of the latest transactions, Weingarten holds 879,494 shares of SentinelOne directly.
In other recent news, SentinelOne Inc has experienced several adjustments in its stock price targets and ratings from various analysts following its recent earnings report and future financial guidance. TD Cowen reduced SentinelOne’s price target from $35.00 to $26.00, maintaining a Buy rating, after the company’s fiscal year 2026 guidance fell short of expectations due to macroeconomic pressures and a product sunset. Bernstein SocGen also lowered the price target from $30.00 to $27.00, while keeping an Outperform rating, noting the company’s revenue exceeded guidance but expressed concerns over annual recurring revenue (ARR) growth. DA Davidson cut the price target to $18.00 from $25.00, holding a Neutral rating, citing a slight miss in ARR and skepticism about significant improvements in net new annual recurring revenue (NNARR) growth.
Piper Sandler adjusted its price target to $28.00 from $32.00, maintaining an Overweight rating, and highlighted both challenges and positive indicators like customer growth and traction beyond endpoint security. KeyBanc maintained a Sector Weight rating, observing a minor ARR shortfall and a cautious outlook on NNARR growth amidst a challenging competitive landscape. Despite these adjustments, some analysts maintain positive ratings, suggesting confidence in SentinelOne’s long-term potential. The company’s recent performance and future guidance have prompted these revisions, reflecting the analysts’ varied perspectives on its growth prospects and market conditions. Investors will be closely monitoring how SentinelOne navigates these challenges and opportunities in the coming fiscal year.
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