In a recent transaction reported to the Securities and Exchange Commission, Keenan Michael Conder, Chief Legal Officer and Secretary of SentinelOne , Inc. (NYNYSE:SE:S), sold 11,097 shares of Class A Common Stock. The shares were sold at a price of $25.04 each, amounting to a total transaction value of $277,868. The transaction comes as the cybersecurity company, valued at $7.6 billion, has seen its stock decline over 10% in the past week, though InvestingPro data shows 12 analysts have recently revised their earnings estimates upward.
The sale, conducted on December 6, was mandated by SentinelOne to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units. This transaction was not a discretionary trade by Conder. Following the sale, Conder holds 425,950 shares, although some are subject to forfeiture if vesting conditions are not met. According to InvestingPro analysis, SentinelOne maintains a strong balance sheet with more cash than debt, and analysts expect the company to achieve profitability this year. Get comprehensive insider trading analysis and 8 additional key insights with an InvestingPro subscription.
In other recent news, SentinelOne Inc's fiscal third quarter 2025 results showed revenue surpassing expectations by $1.1 million, despite Bernstein's lowered price target from $32 to $30. The cybersecurity company also increased its full-year revenue forecast by $3 million. The firm, however, maintained its Outperform rating on SentinelOne's stock. On a similar note, KeyBanc kept its Sector Weight rating for SentinelOne post earnings, focusing on the company's competitive wins against CrowdStrike (NASDAQ:CRWD) in the third quarter and potential long-term effects on the endpoint security market.
Shifting focus to the tech sector, Piper Sandler's 2025 CIO Survey revealed a strong outlook for IT spending, with Microsoft (NASDAQ:MSFT) and Snowflake (NYSE:SNOW) expected to benefit from increased IT spending. Microsoft reported a 16% YoY increase in Q1 FY2025 revenue, reaching $65.6 billion. The company's cloud unit, Microsoft Cloud, also reported robust performance, with revenues surpassing $38.9 billion, marking a 22% increase from the previous year.
Lastly, SentinelOne held its Outperform rating and a $32.00 price target, despite a conservative forecast for fiscal year 2025. The cybersecurity firm's third-quarter results showed significant net new annual recurring revenue (NNARR) growth, surpassing market expectations. SentinelOne's strategic partnerships with Lenovo and managed security service providers (MSSPs), along with opportunities in the federal sector, are expected to contribute to the company's growth.
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