5 Best Affordable Tech Stocks to Invest In Now

3. SentinelOne, Inc. (NYSE:S)

Number of Hedge Fund Holders: 38

Share Price as of August 12, 2022: $27.26

SentinelOne, Inc. (NYSE:S) is a cybersecurity services provider headquartered in Mountain View, California, United States. The company offers multiple platforms to its customers that allow them to detect and respond to threats through artificial intelligence and cloud workloads.

SentinelOne, Inc. (NYSE:S) is one of the fastest growing cybersecurity services providers in the world, with this fact reflected in a 28x price to annualized sales ratio. Should the company maintain a 50% growth rate (compared to estimates of an 80% growth), then the P/S will increase to 30x – making the stock suitable for the long term investor. To lend credence to these estimates, SentinelOne, Inc. (NYSE:S)’s latest quarter revealed that it had grown its customers by 70% and had a net retention rate of 129%.

Insider Monkey’s Q1 2022 912 hedge fund survey revealed that 38 had invested in SentinelOne, Inc. (NYSE:S).

Dan Loeb’s Third Point is SentinelOne, Inc. (NYSE:S)’s largest investor through a $1 billion stake that comes via 26 million shares.