Thought I would create a thread for this newly listed company.
Ignoring the share price movements since IPO for a moment, it is an interesting business in a growing sector of cybersecurity and using AI to achieve that. Subscription accounts for about 99.5% of revenue which I like and also it is partnering with microsoft which is a good sign:
Also they function in environments like the cloud so that is as we know a massive growing sector too.
Now onto price, it seems to be at about 28 P/S based on $281 rev and about $8bn market cap at current prices. Rev growing 40+% last couple years, forecasting mid 30s% next year. It has run up since IPO, and I imagine (and hope) it has significant pullbacks too.
One thing that would be interesting is whilst it is still under the 15-20bn valaution if someone such s Microsoft would want to buy it. I need to research it more and look forward to following earnings reports etc.