Mirae Asset Global Investments Co. Ltd. Purchases 105,399 Shares of Netskope Inc. $NTSK

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Netskope Inc. (NASDAQ:NTSK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 105,399 shares of the company’s stock, valued at approximately $1,838,000.

Other large investors have also recently bought and sold shares of the company. Wasatch Advisors LP bought a new position in Netskope during the 2nd quarter valued at about $25,107,000. Principal Financial Group Inc. grew its stake in Netskope by 31.4% during the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after buying an additional 608,355 shares during the last quarter. New York Life Insurance Co. bought a new stake in Netskope during the second quarter worth about $11,325,580. Wellington Management Group LLP bought a new stake in Netskope during the second quarter worth about $2,027,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Netskope by 1,381.8% during the first quarter. Bank of New York Mellon Corp now owns 475,918 shares of the company’s stock worth $4,041,000 after buying an additional 443,800 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Netskope from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a research report on Friday, October 2nd. TD Cowen reaffirmed a “buy” rating and set a $19.00 price target on shares of Netskope in a report on Monday, August 17th. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on Netskope in a research report on Monday, August 17th. Finally, Morgan Stanley boosted their price objective on Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.66.

Insider Activity

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $14.90, for a total transaction of $158,252.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 25.52% of the stock is owned by company insiders.

Netskope Stock Down 1.7%

NASDAQ:NTSK opened at $21.30 on Friday. The stock’s fifty day moving average price is $19.12 and its two-hundred day moving average price is $13.40. Netskope Inc. has a 52-week low of $7.66 and a 52-week high of $26.71. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. The company has a market cap of $8.70 billion, a price-to-earnings ratio of -8.35 and a beta of 2.43.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.23. The company had revenue of $220.54 million during the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. On average, analysts anticipate that Netskope Inc. will post -0.82 EPS for the current year.

Netskope Profile

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.