Christiane Ohlgart, Chief Financial Officer of Fortinet (NASDAQ:FTNT), sold 756 shares of common stock on May 14, 2026. The transaction totaled $90,720 at $120.0 per share. The sale occurs as the stock trades near its 52-week high of $123.33, with shares up 55% year-to-date.
Following the sale, Ohlgart directly holds 9,062 shares. The sale was executed under a Rule 10b5-1 trading plan adopted on March 7, 2025. According to Bond.az analysis, Fortinet appears overvalued at current levels. Bond.az offers 21 additional ProTips and comprehensive Fair Value analysis.
In other news, Fortinet integrated FortiAIGate with NVIDIA AI platforms to secure AI workloads. First-quarter fiscal 2026 revenue reached $1.85 billion (20% YoY increase). Product revenue surged 41% to $645 million. Analysts raised price targets: Cantor Fitzgerald to $110, Scotiabank to $110, Truist Securities to $120, Rosenblatt to $125.
