271,770 Shares in Netskope Inc. $NTSK Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new position in shares of Netskope Inc. (NASDAQ:NTSK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 271,770 shares of the company’s stock, valued at approximately $4,740,000. Netskope comprises about 1.3% of Lisanti Capital Growth LLC’s holdings, making the stock its 29th biggest position. Lisanti Capital Growth LLC owned approximately 0.07% of Netskope as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NTSK. Wasatch Advisors LP bought a new position in shares of Netskope in the 2nd quarter valued at $25,107,000. Principal Financial Group Inc. boosted its holdings in shares of Netskope by 31.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock valued at $21,628,000 after acquiring an additional 608,355 shares in the last quarter. New York Life Insurance Co. acquired a new stake in shares of Netskope during the 2nd quarter valued at $11,325,580. Wellington Management Group LLP bought a new stake in Netskope during the 2nd quarter worth $2,027,000. Finally, Bank of New York Mellon Corp grew its position in Netskope by 1,381.8% during the 1st quarter. Bank of New York Mellon Corp now owns 475,918 shares of the company’s stock worth $4,041,000 after acquiring an additional 443,800 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NTSK. Mizuho set a $16.00 target price on Netskope in a report on Wednesday, August 19th. Piper Sandler lifted their price target on Netskope from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Oppenheimer lifted their price target on Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Stephens assumed coverage on Netskope in a report on Monday, September 14th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, Robert W. Baird upped their price objective on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Two equities research 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.82.

Netskope Price Performance

NTSK stock opened at $22.37 on Thursday. The company has a market capitalization of $9.14 billion, a P/E ratio of -8.77 and a beta of 2.43. The company has a fifty day moving average price of $19.55 and a 200-day moving average price of $13.50. 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 Inc. has a 52-week low of $7.66 and a 52-week high of $26.71.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.23. The company had revenue of $220.54 million for 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. As a group, equities analysts expect that Netskope Inc. will post -0.82 EPS for the current year.

Insider Buying and Selling

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 25.52% of the company’s stock.

Netskope Company 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.