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SentinelOne CEO Tomer Weingarten sells $4.82 million in stock

Published 2024-12-13, 07:14 p/m
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These transactions were accompanied by several acquisitions of Class A common stock through the conversion of Class B shares, totaling $1.78 million at a fixed price of $9.74 per share. After these transactions, Weingarten (NYSE:WRI) holds 959,682 shares of Class A common stock directly in the $7.72 billion market cap company.

These transactions were accompanied by several acquisitions of Class A common stock through the conversion of Class B shares, totaling $1.78 million at a fixed price of $9.74 per share. After these transactions, Weingarten holds 959,682 shares of Class A common stock directly in the $7.72 billion market cap company.

These transactions were accompanied by several acquisitions of Class A common stock through the conversion of Class B shares, totaling $1.78 million at a fixed price of $9.74 per share. After these transactions, Weingarten holds 959,682 shares of Class A common stock directly in the $7.72 billion market cap company.

In other recent news, SentinelOne (NYSE:S), a cybersecurity firm, has been the focus of multiple financial firms. Bernstein maintained an Outperform rating on the company's stock, despite lowering its price target from $32 to $30, following mixed fiscal Q3 2025 results. SentinelOne's revenue exceeded expectations by $1.1 million, and the company increased its full-year revenue forecast by $3 million. Moreover, the company's net retention rate remains relatively stable at 110%, suggesting a focus on acquiring new customers.

Meanwhile, Piper Sandler analysts released insights on tech sector shares, revealing a strong outlook for IT spending. Microsoft (NASDAQ:MSFT), with a 16% YoY Q1 FY2025 revenue increase, is expected to benefit from increased IT spending. SentinelOne and CrowdStrike (NASDAQ:CRWD) are also likely to gain from the prioritization of cloud and data security.

In another development, KeyBanc maintained a Sector Weight rating on SentinelOne shares following the company's latest earnings report. The cybersecurity firm reported a modest $3 million annual recurring revenue beat and a slight guidance raise for its fiscal fourth quarter revenue.

Scotiabank (TSX:BNS) increased its price target on SentinelOne shares from $25 to $26, maintaining a Sector Perform rating. This follows SentinelOne's announcement of new Annual Recurring Revenue growth in the third fiscal quarter.

Lastly, SentinelOne shares maintained an Outperform rating and a $32.00 price target, as the company posted a notable third-quarter performance. The cybersecurity firm's results showed a significant rebound in net new annual recurring revenue growth, surpassing market expectations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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