SentinelOne Is a Fast-Growing Competitor in a Security Market With Larger Vendors

We view SentinelOne as an emerging challenger in the endpoint security space, a prominent part of the cybersecurity stack that has been dominated by larger competitors such as Microsoft and CrowdStrike. As enterprises undergo digital transformations and cloud migrations, we foresee endpoint security further gaining wallet share of an enterprise’s security spending. SentinelOne is building itself to be a strong competitor within this burgeoning market, and we think the stickiness of its platform, Singularity, is evidenced by the firm’s impressive gross and net retention metrics. We see a nice growth runway ahead for the firm.