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Is Now the Time to Buy SentinelOne Stock?

TheMotleyFool 
0 0 24.02.22
Is Now the Time to Buy SentinelOne Stock?Photo, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png
 

Cybersecurity firm SentinelOne (NYSE: S) has seen strong business growth amid a crowded field. Competitors include longtime industry veterans, such as McAfee and Kaspersky Lab, and newer entrants, such as Crowdstrike.

Its success helped SentinelOne stock jump 21% in its debut as a public company last June, which made it the highest-valued cybersecurity IPO in history at the time. But after reaching a 52-week high of $78.53 in November, shares traded around $35 at the time of this writing.

The substantial stock price drop was caused by a combination of factors. Its post-IPO lockup period for insiders expired in December. This was followed by the tech stock rout in recent weeks.

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Source Fool.com

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