Hudson Bay Capital Management LP Makes New $5.89 Million Investment in Netskope Inc. $NTSK

Hudson Bay Capital Management LP bought a new position in Netskope Inc. (NASDAQ:NTSK) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 259,159 shares of the company’s stock, valued at approximately $5,891,000. Hudson Bay Capital Management LP owned 0.07% of Netskope at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quarry LP bought a new position in Netskope in the third quarter worth about $41,000. Assetmark Inc. purchased a new stake in Netskope in the third quarter worth about $83,000. RiverPark Advisors LLC bought a new stake in Netskope during the 3rd quarter valued at approximately $87,000. SBI Securities Co. Ltd. bought a new stake in Netskope during the 3rd quarter valued at approximately $89,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Netskope during the 3rd quarter worth approximately $127,000.

Analysts Set New Price Targets

A number of research firms have recently commented on NTSK. Oppenheimer restated an “outperform” rating and issued a $19.00 target price (down from $23.00) on shares of Netskope in a research note on Thursday, March 12th. Wells Fargo & Company assumed coverage on Netskope in a research note on Tuesday, March 3rd. They issued an “overweight” rating and a $13.00 price target on the stock. 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. Deutsche Bank Aktiengesellschaft lowered their price objective on Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Piper Sandler dropped their target price on shares of Netskope from $28.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Netskope has an average rating of “Moderate Buy” and a consensus target price of $18.89.

Insider Activity

In other news, CEO Sanjay Beri sold 346,061 shares of Netskope stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $16.91, for a total value of $5,851,891.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matto Andrew H. Del sold 77,207 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $16.92, for a total transaction of $1,306,342.44. Following the completion of the transaction, the chief financial officer owned 41,493 shares in the company, valued at approximately $702,061.56. The trade was a 65.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,049,721 shares of company stock worth $18,020,279 over the last three months.

Netskope Stock Up 0.4%

Shares of NTSK opened at $9.53 on Friday. The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market cap of $3.75 billion and a PE ratio of -68.07. The stock has a 50 day moving average of $12.44. Netskope Inc. has a 52 week low of $8.81 and a 52 week high of $27.99.

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

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.