OpenAI to produce its own AI chip with Broadcom from 2026- FT
In a recent transaction, Robin Tomasello, the Chief Accounting Officer of SentinelOne , Inc. (NYSE:S), sold 1,496 shares of the company’s Class A common stock. The shares were sold at a price of $19.77 each, amounting to a total transaction value of $29,575. The cybersecurity company, currently valued at $6.2 billion, has demonstrated strong revenue growth of 32% over the last twelve months, though InvestingPro data shows it remains unprofitable during this period.
The sale, which took place on March 27, was part of an issuer-mandated transaction to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units. This transaction was not a discretionary trade by Tomasello. Following the sale, Tomasello holds 233,484 shares, some of which are subject to forfeiture if certain vesting conditions are not met. According to InvestingPro analysis, SentinelOne maintains a strong balance sheet with more cash than debt, and analysts project profitability in the coming year. For deeper insights into SentinelOne’s financial health and valuation metrics, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, SentinelOne Inc has experienced several adjustments in its stock price targets following its financial announcements. TD Cowen revised its price target for SentinelOne from $35.00 to $26.00 while maintaining a Buy rating, citing the company’s fiscal year 2026 guidance that fell short of expectations. Similarly, Bernstein SocGen reduced its target from $30.00 to $27.00, maintaining an Outperform rating, after noting that the company’s revenue exceeded guidance but its annual recurring revenue (ARR) fell short of previous figures. DA Davidson also lowered its target from $25.00 to $18.00, holding a Neutral rating, due to ARR results slightly below consensus and skepticism about future growth.
Piper Sandler adjusted its target from $32.00 to $28.00, maintaining an Overweight rating, and highlighted positive signs such as customer growth despite the ARR miss. Meanwhile, KeyBanc maintained a Sector Weight rating, noting a minor shortfall in fourth-quarter ARR and a $16 million shortfall in fiscal year 2026 ARR guidance. Despite these challenges, SentinelOne’s management remains optimistic, forecasting a 6% growth in Net New ARR for FY26, contrasting with the low single-digit decline in FY25. The company’s strategic recalibration and ongoing efforts to navigate the macroeconomic environment are under close observation by investors and analysts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.