SentinelOne , Inc. (NYNYSE:SE:S) has reported a significant stock transaction by one of its top executives in a recent filing. The company's Chief Product Officer and Chief Technology Officer, Smith Ric, sold a total of 14,584 shares at an average price range between $22.96 and $23.66, culminating in over $335,000 in sales.
The transactions took place on September 3, 2024, and were disclosed in a Form 4 filing with the Securities and Exchange Commission on September 5, 2024. According to the filing, these sales were conducted under a prearranged 10b5-1 trading plan, which allows company insiders to sell shares at predetermined times to avoid accusations of insider trading.
In addition to the sales, Smith Ric also acquired 14,584 shares of Class A Common Stock at a price of $9.74 per share, totaling approximately $142,048. This transaction was related to the conversion of Class B common stock to Class A common stock, as indicated in the footnotes of the SEC filing.
Following these transactions, Smith Ric holds a total of 636,699 shares of the company's stock. It's important to note that some of these shares are subject to forfeiture if certain vesting conditions are not met.
SentinelOne, headquartered in Mountain View, California, operates within the prepackaged software industry and specializes in cybersecurity solutions. The company's stock trades under the ticker symbol S on the New York Stock Exchange.
Investors and market watchers often scrutinize Form 4 filings to gauge the confidence level of company executives and insiders, as their buying and selling patterns can provide insights into their expectations for the company's future performance.
In other recent news, cybersecurity firm SentinelOne has been making waves with significant improvements in earnings and revenue. Goldman Sachs (NYSE:GS) recently increased its price target for SentinelOne shares to $25, noting the company's technological strengths in artificial intelligence and its potential for market share gains. Piper Sandler maintained its neutral rating on SentinelOne stock, acknowledging a slight revenue increase and the company's move toward profitability. The company's Annual Recurring Revenue (ARR) rose by 32%, leading to SentinelOne's first-ever positive quarterly net income.
SentinelOne's solid F2Q ARR beat was noted, with management attributing this performance to organic business momentum. The company also adjusted its fiscal year 2025 (FY25) revenue guidance to the higher end of the previous range, indicating a focus on profitability while expanding market share. TD Cowen maintained its Buy rating and a $35 price target for SentinelOne, citing strong execution and positive earnings. Loop Capital also increased its price target for SentinelOne to $30, highlighting favorable market dynamics and the company's potential to capitalize on recent incidents involving competitor CrowdStrike (NASDAQ:CRWD). These developments underscore SentinelOne's robust performance and promising outlook in the competitive cybersecurity market.
InvestingPro Insights
In light of the recent stock transactions by SentinelOne's Chief Product Officer and Chief Technology Officer, Smith Ric, the current financial health and market performance of SentinelOne, Inc. (NYSE:S) offer additional context for investors. With a market capitalization of $7.22 billion, SentinelOne is positioned as a noteworthy player in the cybersecurity sector. Despite not being profitable over the last twelve months, analysts are optimistic, predicting that the company will turn profitable this year, a sentiment that may reassure investors considering the recent insider transactions.
InvestingPro data reveals that SentinelOne has experienced a robust revenue growth of 38.04% over the last twelve months as of Q2 2025, with a gross profit margin standing impressively at 73.35%. This growth narrative is complemented by the fact that SentinelOne holds more cash than debt on its balance sheet, which can be a sign of financial stability and prudent management. Additionally, the company's liquid assets exceed its short-term obligations, further underlining its solid financial footing.
From a stock performance perspective, SentinelOne has delivered a strong return over the last three months, with a price total return of 33.28%. This performance is particularly notable given the company's trading at a high revenue valuation multiple, as indicated by the adjusted P/E ratio of -26.14. Investors interested in deeper analysis can find more InvestingPro Tips for SentinelOne at https://www.investing.com/pro/S, where there are a total of 12 additional tips listed, offering valuable insights into the company's potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.