Rick Smith, President of Products, Technology and Operations at Guardian One (NYSE:E:S), has made notable transactions related to 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 executed under a Rule 10b5-1 trading plan, which was approved earlier in the year.
In addition, Smith acquired 14,583 shares of Class A common stock through the conversion of Class B stock, at a price of $9.74 per share, for a total value of $142,038. Following these transactions, Smith owns 531,459 shares of SentinelOne.
In other recent news, financial firms revised their outlook on cybersecurity firm SentinelOne. Bernstein maintained an outperform rating on the stock, despite cutting its price target to $30 from $32. The adjustment follows SentinelOne's fiscal third quarter 2025 results, which revealed revenue beat expectations by $1.1 million. The company also raised its full-year revenue forecast by $3 million and implied guidance for fiscal fourth-quarter 2025 by about $2 million.
Meanwhile, KeyBanc maintained a sector weight rating on SentinelOne shares, following the company's recent earnings report that showed a modest $3 million increase in annual recurring revenue and a slight increase in guidance for fiscal fourth-quarter revenue. Scotiabank (TSX:) raised its price target to $26 from $25 while maintaining a sector perform rating, after SentinelOne reported new annual recurring revenue growth in its fiscal third quarter.
In related news, Piper Sandler analysts released insights into technology stocks following their 2025 IT Executive Survey, revealing a strong outlook for IT spending. Microsoft (NASDAQ:), with a staggering market cap of $3.25 trillion and revenue growth of 16.44% over the past 12 months, continues to demonstrate strong market leadership. The company reported a 16% year-over-year increase in revenue for the first quarter of fiscal year 2025, to $65.6 billion. The company's cloud unit, Microsoft Cloud, also reported strong performance, with revenue exceeding $38.9 billion, representing a 22% increase from the previous year.
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