5 Best New Stocks To Invest In According To Hedge Funds

4. SentinelOne, Inc. (NYSE:S)

Number of Hedge Fund Holders: 38

Cybersecurity company SentinelOne, Inc. (NYSE:S) ranks 4th in our list of the best new stocks to invest in according to hedge funds. SentinelOne, Inc. (NYSE:S) jumped earlier this month after investment firm Stephens started covering the shares and called the company’s growth “best in class” and also praised the firm’s potential for free cash flow. Stephens analyst Brian Colley set a $22 price target on SentinelOne, Inc. (NYSE:S).

A total of 38 hedge funds tracked by Insider Monkey have stakes in SentinelOne, Inc. (NYSE:S). The biggest stakeholder of SentinelOne, Inc. (NYSE:S) is Dan Loeb’s Third Point which owns a $214 million stake in the company.