SentinelOne is a cybersecurity company with presence in the US, UK and Tel Aviv. Some of its clinets are Aston Martin,
JBLU
,
ADSK
and
FVRR
. Its Price/Earnings ratio is negative but had a +120% change in sales from the last quarter. That's the kind of fundamentals I like to see on IPOs.
As is a recent IPO, its stock price is still too volatile. So, even though today's breakout respects all my BUY filters, I got in with half my position sizing. If tomorrow's price action follows through correctly, I'll but the rest. With a stop loss at $69.74, my target sell will be beyond $84.60. When the price crosses that target I'll adjust my stop to breakeven.
IBD Investors gives
S
a 19 in its Industry Rank with a 94 RS rating.
JBLU
,
ADSK
and
FVRR
. Its Price/Earnings ratio is negative but had a +120% change in sales from the last quarter. That's the kind of fundamentals I like to see on IPOs. As is a recent IPO, its stock price is still too volatile. So, even though today's breakout respects all my BUY filters, I got in with half my position sizing. If tomorrow's price action follows through correctly, I'll but the rest. With a stop loss at $69.74, my target sell will be beyond $84.60. When the price crosses that target I'll adjust my stop to breakeven.
IBD Investors gives
S
a 19 in its Industry Rank with a 94 RS rating.
Trade closed: stop reached