SentinelOne executive Smith Ric sells $56,066 in stock

Smith Ric, President of Product Technology and Operations at SentinelOne , Inc. (NYSE:S), a cybersecurity company valued at $7.7 billion, recently sold shares of the company’s Class A common stock. The transaction, dated February 6, involved the sale of 2,341 shares at a weighted average price of $23.9499, totaling approximately $56,066. According to InvestingPro analysis, the stock is currently trading near its Fair Value.

According to the filing, this sale was not a discretionary trade by Ric. Instead, it was an issuer-mandated transaction to cover tax withholding obligations related to the vesting and settlement of restricted stock units. Following this transaction, Ric holds 529,118 shares directly, some of which are subject to forfeiture if vesting conditions are not met. While currently unprofitable, analysts expect SentinelOne to achieve profitability this fiscal year, with the company maintaining a strong balance sheet with more cash than debt.

The shares were sold in multiple transactions, with prices ranging from $23.87 to $23.95. Ric has committed to providing detailed information on the number of shares sold at each specific price upon request. For a comprehensive analysis of SentinelOne’s valuation and growth prospects, including additional ProTips and detailed metrics, visit InvestingPro.

In other recent news, SentinelOne has been in the spotlight with various analysts providing their perspectives on the company’s future. Oppenheimer initiated coverage on SentinelOne with an Outperform rating, highlighting the company’s significantly improved leadership team and potential for market share gains. The firm anticipates a substantial acceleration in Net New Annual Recurring Revenue (NNARR) as SentinelOne leverages its platform’s breadth.

On the other hand, UBS downgraded SentinelOne from Buy to Neutral, citing diminished investor confidence in the endpoint security sector and waning enthusiasm for growth catalysts in the upcoming years. The firm sees a risk to the consensus revenue estimates which predict $214 million in NNARR.

Cantor Fitzgerald rated SentinelOne as Overweight, citing its expanding market share and impressive Annual Recurring Revenue (ARR) growth. The firm is optimistic about SentinelOne’s trajectory, mentioning its continued investment in emerging solutions like Purple AI, Cloud Native Security, and Singularity Data Lake.

Meanwhile, Bernstein maintained an Outperform rating on SentinelOne despite mixed FQ3 results. The firm lowered the price target to $30 from $32, reflecting a more conservative forecast for the fourth quarter due to the marginal revenue beat.

Lastly, Piper Sandler’s 2025 CIO Survey reveals a strong outlook for IT spending, with SentinelOne likely to gain from the prioritization of cloud and data security. These recent developments highlight the differing views of analysts on SentinelOne’s future prospects.

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