Where did you see 49 from last year?
True, thanks for the hint, Bear. 49 from last year isn’t correct since we don’t have the updated number for Q4 '22 - I will ask IR for feedback on that.
mooo
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Seems fair to say that we should retire idea that small market cap means anything. This year we’ve seen half trillion to trillion-dollar stocks explode in value. And one time darlings here like Lightspeed, Upstart, Fastly, Amplitude have struggled, though they may have had their moments.
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This was actually a very solid quarter. I’m still not excited that $S is “exploring” a sale, but despite all the noise Sentinel will grow north of 43% this year. I purchased my shares back today, also because I am seeing resilience across the entire cybersecurity space.
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Tomer, a co-founder, just sold 22 thousand shares on the market. I do not think someone that was selling the company would be doing that, but who knows.
Andy
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There are many reasons for insiders to sell. Mostly they sell to cover taxes on share based compensation and almost always those sales are preordained by SEC rules. I tend to give little weight to insider sales. Buys are a different story.
I’d imagine those shares are a smidgeon of Tomer’s total ownership.
AJ
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Aj, that is a tired old cliche heard around the Fool for decades.
My statement wasn’t why he was selling the shares? It was more in line if someone was in negotiations to sell their company would they be selling their shares? I do not think they would. It doesn’t even matter how much he has in ownership. What this tells me is that, as he stated in his conference call, that the company is not for sale.
Andy
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What this tells me is that, as he stated in his conference call, that the company is not for sale.
We certainly agree S is not for sale based on the Tomer’s statements during the conference call. However, I don’t think there is any correlation to the sale of Tomer’s shares as it may relate to the sale of the company. The reason is because those share sales were set up over 7 months ago. In fact, we can see that he has sold 40,000 shares roughly every month since the trading plan was arranged.
Here’s is the specific line from the SEC filing:
The exercise and sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 30, 2023.
Again, the most likely reason he is selling shares is to cover taxes associated with options vesting which of course has nothing to do with the sale of the company.
While this may be a tired, old cliche as you say, it is with good reason. Simply nothing to see here.
I’ll leave it at that as we agree on the main point. It certainly appears the company is not for sale.
A.J.
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