Penn Capital Management Company LLC Acquires New Shares in Netskope Inc. $NTSK

Penn Capital Management Company LLC bought a new position in Netskope Inc. (NASDAQ:NTSK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 925,535 shares of the company’s stock, valued at approximately $16,158,000.

A number of other hedge funds have also modified their holdings of NTSK. Walser Wealth Management Company A Ltd Liability Co lifted its position in shares of Netskope by 6.4% during the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 15,554 shares of the company’s stock worth $271,000 after buying an additional 939 shares during the period. Parallel Advisors LLC acquired a new stake in Netskope in the 3rd quarter valued at $33,000. Triumph Capital Management grew its position in Netskope by 2.9% in the second quarter. Triumph Capital Management now owns 70,505 shares of the company’s stock valued at $771,000 after acquiring an additional 1,977 shares during the period. Assetmark Inc. grew its position in Netskope by 57.6% in the first quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock valued at $79,000 after acquiring an additional 3,385 shares during the period. Finally, FNY Investment Advisers LLC raised its stake in Netskope by 88.9% during the second quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock worth $92,000 after acquiring an additional 4,000 shares in the last quarter.

Insider Activity at Netskope

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 25.52% of the company’s stock.

Netskope Price Performance

Shares of NTSK opened at $22.49 on Tuesday. Netskope Inc. has a one year low of $7.66 and a one year high of $26.71. The business’s 50 day simple moving average is $19.27 and its 200-day simple moving average is $13.44. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00.

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

Analyst Ratings Changes

NTSK has been the subject of a number of analyst reports. Cantor Fitzgerald assumed coverage on Netskope in a report on Wednesday, November 4th. They set an “overweight” rating and a $28.00 price objective for the company. BMO Capital Markets boosted their target price on shares of Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Stephens began coverage on shares of Netskope in a report on Monday, September 14th. They issued an “overweight” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Netskope from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Finally, Morgan Stanley lifted their price target on shares of Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Netskope presently has a consensus rating of “Moderate Buy” and an average target price of $19.82.

Netskope Profile

Netskope, Inc provides cybersecurity and networking services that help organizations protect users, data and applications across cloud, web and private-network environments. Its offerings are designed to support distributed workforces and the use of cloud services while applying consistent security policies.

The company’s Netskope One platform brings together security and networking capabilities, including secure web access, cloud application security, data loss prevention, threat protection and zero-trust network access.