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5 Best Mid-Cap Growth Stocks To Buy Now

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This article presents an overview of the 5 Best Mid-Cap Growth Stocks To Buy Now. For a detailed overview of such stocks, read our article, 16 Best Mid-Cap Growth Stocks To Buy Now.

5. SentinelOne Inc (NYSE:S)

Number of Hedge Fund Investors: 45

California-based cybersec company SentinelOne Inc (NYSE:S) shares have gained about 56% over the past six months. Earlier this month SentinelOne Inc (NYSE:S) posted strong third quarter results. Adjusted EPS in the quarter came in at -$0.03, surpassing estimates by $0.05. Revenue jumped 42.5% year over year to $164.17 million, beating estimates by $7.85 million.

A total of 45 hedge funds in Insider Monkey’s database had stakes in SentinelOne Inc (NYSE:S). The biggest hedge fund stakeholder of SentinelOne Inc (NYSE:S) during this period is Kevin Michael Ulrich and Anthony Davis’s Anchorage Advisors which owns a $166 million stake in SentinelOne Inc (NYSE:S).

Baron Discovery Fund made the following comment about SentinelOne, Inc. (NYSE:S) in its Q3 2023 investor letter:

“We initiated a position in SentinelOne, Inc. (NYSE:S) this quarter after the stock fell sharply on its March 2023 quarterly results. The company lowered its full-year guidance for revenue growth by about 10%, and it will still grow annualized recurring revenue by a mid-30s rate. We believe that the market over reacted to the update, and we already saw a positive update in its June 2023 results (increasing full-year revenue growth to 43%). This is a classic fallen angel investment for the Fund.

SentinelOne is a cybersecurity vendor primarily focused on endpoint protection (preventing malicious attacks on corporate laptops, mobile devices, and servers). The company collects petabytes of data from over 15 million endpoints across its customer base and uses artificial intelligence (AI) to learn behavior patterns, detect suspicious activity, proactively hunt threats, and roll-back devices to their pre-breach states to mitigate damage when attacks occur. SentinelOne is widely recognized as a technology leader in the $27 billion endpoint and cloud security industry due to its AI-powered detection and its ease of use. As a result, the business has been winning market share away from legacy antivirus vendors who struggle to keep up with the rapidly evolving threat environment. More than 11,000 organizations have adopted SentinelOne, with customers including half the Fortune 10, government agencies, and many of the world’s largest managed security service providers (MSSPs). MSSPs, which represent 20% to 30% of SentinelOne’s revenue, extend the company’s reach to thousands of small businesses who lack adequate IT resources to defend against cyberattacks…” (Click here to read the full text)

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…