Wasatch Advisors LP Invests $25.11 Million in Netskope Inc. $NTSK

Wasatch Advisors LP bought a new stake in shares of Netskope Inc. (NASDAQ:NTSK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,294,959 shares of the company’s stock, valued at approximately $25,107,000.

Several other large investors have also recently made changes to their positions in NTSK. Farther Finance Advisors LLC acquired a new stake in Netskope during the fourth quarter valued at $25,000. Quarry LP acquired a new position in shares of Netskope in the third quarter worth about $41,000. Triumph Capital Management raised its position in shares of Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Netskope by 261.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Netskope during the 4th quarter worth about $64,000.

Analyst Ratings Changes

NTSK has been the subject of several recent analyst reports. Oppenheimer cut their price target on Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. KeyCorp increased their price target on Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Royal Bank Of Canada set a $18.00 price objective on Netskope in a report on Thursday, June 4th. Piper Sandler cut their price objective on Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. Finally, Robert W. Baird reduced their target price on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Netskope currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.21.

Netskope Stock Down 2.6%

NTSK stock opened at $14.99 on Thursday. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06. The firm has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $11.15. The stock has a market capitalization of $6.05 billion and a P/E ratio of -74.95.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Equities analysts forecast that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Insider Transactions at Netskope

In other news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.19, for a total value of $12,074,070.13. Following the sale, the insider directly owned 336,173 shares of the company’s stock, valued at $3,089,429.87. The trade was a 79.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William J.G. Griffith bought 610,291 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were acquired at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the acquisition, the director directly owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is currently owned by insiders.

Netskope Profile

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.