SentinelOne’s chief legal officer sells shares worth $137,731

In recent transactions reported by SentinelOne , Inc. (NYSE:S), Chief Legal Officer Keenan Michael Conder executed a sale of 7,045 shares of Class A common stock. The shares were sold at a weighted average price of $19.5502 per share, totaling approximately $137,731. The cybersecurity company, currently valued at $6.4 billion, is trading near InvestingPro’s Fair Value estimate.

This transaction, dated March 6, 2025, was a mandated sale to cover tax obligations related to the vesting of Restricted Stock Units (RSUs), as per the company’s equity incentive plan. After the sale, Conder retains ownership of 419,121 shares. It’s important to note that some of these shares are subject to forfeiture if certain vesting conditions are not met. With the company’s next earnings report due on March 12, InvestingPro data suggests analysts expect profitability this year, despite recent stock weakness. Subscribers can access 6 additional ProTips and comprehensive analysis through the Pro Research Report.

In other recent news, SentinelOne Inc. has been the subject of several noteworthy developments. Analysts from TD Cowen maintained a Buy rating on the company with a $35 price target, expressing confidence in SentinelOne’s potential for growth in fiscal year 2026. They anticipate the company will release a revenue guide that exceeds expectations, with a forecasted Annual Recurring Revenue growth in the mid-20s percentage range. Meanwhile, UBS downgraded SentinelOne from Buy to Neutral, reducing the price target to $25 due to waning optimism in growth catalysts for 2025, such as the partnership with Lenovo.

Additionally, Bernstein reaffirmed an Outperform rating with a $30 target, awaiting the upcoming fourth-quarter earnings report to potentially adjust their financial model. Oppenheimer also initiated coverage with an Outperform rating and a $32 price target, citing improved leadership and operational execution. Furthermore, SentinelOne has teamed up with Obsidian Security to integrate SaaS security solutions on the SentinelOne Singularity Marketplace, enhancing cross-detection and response capabilities.

These recent developments highlight the varied analyst perspectives on SentinelOne’s growth prospects and strategic initiatives. The upcoming earnings report is anticipated to provide further insights into the company’s trajectory and competitive positioning.

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