Netskope Inc. $NTSK Stake Increased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its holdings in Netskope Inc. (NASDAQ:NTSK) by 117.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 977,786 shares of the company’s stock after acquiring an additional 528,164 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Netskope were worth $8,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. K.J. Harrison & Partners Inc acquired a new stake in shares of Netskope during the 1st quarter valued at $424,000. Rockefeller Capital Management L.P. grew its stake in shares of Netskope by 199,900.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock valued at $70,000 after buying an additional 3,998 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Netskope in the fourth quarter worth approximately $87,000. Virtu Financial LLC increased its holdings in Netskope by 239.4% in the fourth quarter. Virtu Financial LLC now owns 32,512 shares of the company’s stock worth $570,000 after buying an additional 22,932 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in Netskope by 14.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock valued at $62,383,000 after acquiring an additional 456,321 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NTSK shares. BMO Capital Markets dropped their price target on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Robert W. Baird cut their target price on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netskope in a research report on Friday, March 27th. Finally, Piper Sandler decreased their price target on Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Netskope currently has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Netskope Price Performance

Shares of Netskope stock opened at $11.71 on Monday. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The firm has a fifty day simple moving average of $10.51 and a 200-day simple moving average of $11.98. The stock has a market capitalization of $4.73 billion and a price-to-earnings ratio of -58.55. Netskope Inc. has a 1-year low of $7.66 and a 1-year high of $27.99.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The company’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. On average, sell-side analysts expect that Netskope Inc. will post -0.88 earnings per share for the current year.

Insider Activity

In related news, major shareholder Lightspeed Venture Partners Se sold 336,173 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.00, for a total transaction of $3,025,557.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arif Janmohamed sold 336,173 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,300,000 shares of company stock worth $30,199,254. 25.52% of the stock is currently owned by company insiders.

Netskope Company 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.