Is SentinelOne Stock a Buy Now?

Last June, SentinelOne (NYSE: S) eclipsed CrowdStrike (NASDAQ: CRWD) as the highest-valued cybersecurity initial public offering (IPO) ever. It went public at $35 per share, and its initial valuation of $8.9 billion topped CrowdStrike's $6.7 billion market debut in 2019. Its stock started trading at $46 a share and eventually hit an all-time high of $78.53 last November.

But today, SentinelOne's stock trades right around its IPO price. Macroeconomic concerns about inflation and rising interest rates have caused investors to ignore its robust growth and fret over its frothy valuations and widening losses. Should investors still consider buying some shares of this unloved growth stock?

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Source Fool.com