Summary SentinelOne’s financial results exceeded expectations, with faster growth and improved margins. The company’s forecast shows stronger growth in ARR than previously projected. SentinelOne competes with Crowdstrike and other cybersecurity companies, but a balanced portfolio strategy is recommended in the cybersecurity space. The company’s newer solutions are now contributing more than 1/3rd to new ACV.…
Sale of remaining position in ZoomInfo; Purchase of 55 Shares of Zscaler, 300 shares of SentinelOne, and 2050 shares of Pagaya We made some portfolio changes this morning. We eliminated the last of our ZoomInfo position, selling 1000 shares at $17.99 which netted approximately $17,990. We augmented 3 positions, those of Zscaler, SentinelOne and Pagaya.…
Sentinel 1 shares are trading more than 16% late this afternoon. Much of the share price spike is related to reports by various sources that the company has hired investment bank, Qatalyst Partners to advise on talks with potential buyers. It seems quite likely that the company has engaged an investment bank to advise it…
I think all of us have been disappointed by the trading action in the high growth IT space thus far in August. Consolidations are uncomfortable, and this one is being compounded, I believe by the spike in long rates, whether or not justified. I will take a bit more look at the course of long…
Writing a blog for investors in the IT space can be a humbling undertaking. Changes can happen in days that upend an investment thesis. And these changes can make an analysis as ephemeral as the blossoms on fruit trees and horse chestnuts that come down in the spring. It has not been 2 weeks since…
We have made a change in the high growth portfolio Friday morning. We have sold 80 0f the 180 share position we had in Snowflake at $181.59 which had been our limit, which netted $14,510. We bought 750 shares of Sentinel one at a price of $19.04 which cost $14,270. Overall these transactions resulted in…
Summary SentinelOne shares have essentially tracked the movement of overall high growth companies for the last several months.The company has forecast far more modest growth than it has recently achieved.Margins, while improving, have a long way to go, and in particular, sales and marketing spend remains at exceptionally elevated levels.The company’s technology has been built…
How the mighty have fallen This certainly hasn’t been the year in which to own hi-growth/hi value IT shares. For the most part, operational performance hasn’t mattered much; investors have trashed just about all It vendors with what they believe to have been elevated valuations. They have even trashed the shares of IT vendors whose…
Summary SentinelOne held its IPO on June 30th, 2021. Shares were offered at $35; there was modest first day appreciation of a bit more than 20% and the shares are now trading at around $50. SentinelOne is a leader in the rapidly evolving area of endpoint security. Its autonomous AI platform apparently produces the most…