Ric Smith, president of products, technology and operations at SentinelOne Inch. (NYNYSE:E:S), has made significant transactions involving the company’s stock. On December 26, 2024, Smith sold 14,583 shares of Class A common stock at a weighted average price of $22.7536, for a total of approximately $331,815. This sale was made according to the Rule 10b5-1 trading plan, which was adopted at the beginning of the year.
Additionally, Smith acquired 14,583 shares of Class A common stock through the conversion of Class B shares, at a share price of $9.74 each, for a total value of $142,038. Following these transactions, Smith holds 531,459 SentinelOne shares.
In other recent news, financial firms are adjusting their sights on cybersecurity firm SentinelOne. Bernstein maintained his outperform rating on the stock, despite lowering his price target to $30 from $32. This adjustment follows SentinelOne’s fiscal third quarter 2025 results, which revealed that revenue beat expectations by $1.1 million. The company also raised its full-year revenue forecast by $3 million and implied guidance for the fourth fiscal quarter of 2025 by nearly $2 million.
Meanwhile, KeyBanc maintained its sector rating on SentinelOne shares, after the company’s latest earnings report showed a modest $3 million more than annualized recurring revenue and a slight increase in fiscal fourth-quarter revenue guidance. Scotiabank (TSX: ) raised its price target to $26 from $25, and maintained its sector perform rating, following SentinelOne’s announcement of new growth in annual recurring revenue in the fiscal third quarter.
In related news, Piper Sandler analysts released insights into technology sector shares following the 2025 CIO survey, revealing a strong outlook for IT spending. Microsoft (NASDAQ: ), with its impressive market capitalization of $3.25 trillion and revenue growth of 16.44% over the last twelve months, continues to demonstrate strong market leadership. The company reported a 16% year-over-year increase in revenue in the first quarter of fiscal 2025, reaching $65.6 billion. The company’s cloud unit, Microsoft Cloud, also reported strong results, with revenues topping $38.9 billion, up 22% year over year.
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