Polar Asset Management Partners Inc. Makes New $2.81 Million Investment in Netskope Inc. $NTSK

Polar Asset Management Partners Inc. bought a new stake in Netskope Inc. (NASDAQ:NTSK) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 123,800 shares of the company’s stock, valued at approximately $2,814,000.

Other hedge funds have also recently made changes to their positions in the company. ICONIQ Capital LLC acquired a new position in shares of Netskope in the third quarter valued at approximately $1,506,261,000. Scge Management L.P. bought a new position in Netskope in the 3rd quarter valued at approximately $312,104,000. Vanguard Group Inc. acquired a new stake in Netskope during the 3rd quarter worth approximately $80,006,000. Massachusetts Financial Services Co. MA bought a new stake in Netskope during the 3rd quarter worth approximately $72,463,000. Finally, TimesSquare Capital Management LLC bought a new stake in Netskope during the 3rd quarter worth approximately $61,833,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. FBN Securities initiated coverage on shares of Netskope in a research note on Wednesday, February 25th. They set an “outperform” rating and a $15.00 price target for the company. BMO Capital Markets reduced their price objective on shares of Netskope from $26.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. TD Cowen decreased their price objective on Netskope from $30.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Mizuho lowered their target price on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Netskope in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.89.

Netskope Stock Performance

Netskope stock opened at $9.49 on Friday. The company has a market cap of $3.73 billion and a price-to-earnings ratio of -67.79. Netskope Inc. has a 52-week low of $8.81 and a 52-week high of $27.99. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 5.17. The stock’s 50 day moving average price is $12.58.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $196.33 million during the quarter. The business’s revenue for the quarter was up 32.2% compared to the same quarter last year. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS.

Insider Buying and Selling at Netskope

In other Netskope news, CEO Sanjay Beri sold 31,594 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $17.58, for a total transaction of $555,422.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matto Andrew H. Del sold 49,875 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $17.16, for a total value of $855,855.00. Following the sale, the chief financial officer owned 41,493 shares of the company’s stock, valued at approximately $712,019.88. The trade was a 54.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,049,721 shares of company stock valued at $18,020,279.

About Netskope

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.