Why SentinelOne Stock Rose 29.6% in August

Shares of SentinelOne (NYSE: S) surged 29.6% in August, according to data from S&P Global Market Intelligence. The new-age cybersecurity stock just went public on June 30, but has clearly already made a big impression.

Although there wasn't any specific news coming out of the company in August (second quarter earnings are set to come out on Wednesday, Sept. 8), high-profile cyberattacks were once again in the news, helping to drive sentiment higher for SentinelOne's modern capabilities. The company also got a big vote of confidence from a prominent hedge fund manager, who is also a large investor in this exciting company.

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Source Fool.com