Is it Wise to Invest in SentinelOne (S)?

ClearBridge Investments, an investment management firm, published its “SMID Cap Growth Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the ClearBridge SMID Cap Growth Strategy outperformed its Russell 2500 Growth Index benchmark. On an absolute basis, the Strategy had gains across seven of the 10 sectors in which it was invested during the quarter (out of 11 sectors total), with the industrials sector the leading contributor, while the consumer discretionary and IT sectors were the primary detractors.  Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments SMID Cap Growth Strategy, in its Q4 2021 investor letter, mentioned SentinelOne, Inc. (NYSE:S) and discussed its stance on the firm. Founded in 2013, SentinelOne, Inc. (NYSE:S) is a California-based cybersecurity company with a $10.8 billion market capitalization and is currently spearheaded by its CEO, Tomer Weingarten. SentinelOne, Inc. (NYSE:S) delivered a -19.23% return since the beginning of the year and it closed at $40.78 per share on March 29, 2022.

Here is what ClearBridge Investments SMID Cap Growth Strategy has to say about SentinelOne, Inc. (NYSE:S) in its Q4 2021 investor letter:

“We added six new positions in the fourth quarter. We see next-generation cybersecurity provider SentinelOne, although early in its growth lifecycle, as capable of taking share from legacy players in the antivirus and broader cybersecurity industry.”

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Our calculations show that SentinelOne, Inc. (NYSE:S) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. SentinelOne, Inc. (NYSE:S) was in 39 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 35 funds in the previous quarter. SentinelOne, Inc. (NYSE:S) delivered a -19.45% return in the past 3 months.

Earlier this month, we published an article that includes SentinelOne, Inc. (NYSE:S) in Analysts Are Cutting Price Targets Of These 10 Stocks. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.