Inspire Investing LLC Makes New Investment in Netskope Inc. $NTSK

Inspire Investing LLC bought a new position in Netskope Inc. (NASDAQ:NTSK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 36,493 shares of the company’s stock, valued at approximately $636,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wasatch Advisors LP purchased a new stake in Netskope in the 2nd quarter worth about $25,107,000. Principal Financial Group Inc. boosted its position in Netskope by 31.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after acquiring an additional 608,355 shares during the period. New York Life Insurance Co. acquired a new stake in Netskope during the 2nd quarter worth about $11,325,580. Weiss Asset Management LP purchased a new position in Netskope during the 1st quarter valued at about $8,957,000. Finally, Stephens Investment Management Group LLC grew its stake in Netskope by 117.5% during the 1st quarter. Stephens Investment Management Group LLC now owns 977,786 shares of the company’s stock valued at $8,301,000 after acquiring an additional 528,164 shares in the last quarter.

Insiders Place Their Bets

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 25.52% of the stock is currently owned by company insiders.

Netskope Stock Performance

Shares of NTSK opened at $26.19 on Friday. The company’s fifty day moving average is $18.15 and its 200-day moving average is $13.20. Netskope Inc. has a 12 month low of $7.66 and a 12 month 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.

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

Analyst Upgrades and Downgrades

NTSK has been the subject of a number of research analyst reports. TD Cowen reissued a “buy” rating and issued a $19.00 price target on shares of Netskope in a research report on Monday, August 17th. BMO Capital Markets boosted their price objective on shares of Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. KeyCorp upped their price objective on shares of Netskope from $16.00 to $17.50 and gave the company an “overweight” rating in a research note on Friday, August 21st. Mizuho set a $16.00 target price on shares of Netskope in a research report on Wednesday, August 19th. Finally, Morgan Stanley lifted their target price on shares of Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Netskope currently has an average rating of “Moderate Buy” and a consensus target price of $18.75.

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.