Clearbridge Investments LLC Increases Stake in Netskope Inc. $NTSK

Clearbridge Investments LLC lifted its stake in Netskope Inc. (NASDAQ:NTSK) by 84.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 737,933 shares of the company’s stock after buying an additional 337,933 shares during the period. Clearbridge Investments LLC’s holdings in Netskope were worth $12,943,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NTSK. Insight Holdings Group LLC purchased a new stake in shares of Netskope during the third quarter valued at approximately $3,978,000. Tudor Investment Corp ET AL purchased a new stake in shares of Netskope during the third quarter valued at approximately $3,928,000. TD Asset Management Inc purchased a new stake in shares of Netskope during the third quarter valued at approximately $5,005,000. Swedbank AB purchased a new stake in shares of Netskope during the fourth quarter valued at approximately $1,801,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Netskope during the fourth quarter valued at approximately $15,889,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NTSK. Deutsche Bank Aktiengesellschaft dropped their price objective on Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Royal Bank Of Canada set a $18.00 price objective on shares of Netskope in a research report on Thursday, June 4th. BTIG Research decreased their price objective on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Netskope in a research report on Friday, March 27th. Finally, Wells Fargo & Company decreased their price objective on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Netskope has a consensus rating of “Moderate Buy” and a consensus target price of $17.16.

Netskope Price Performance

Shares of NTSK stock opened at $8.47 on Thursday. The stock has a market cap of $3.39 billion and a price-to-earnings ratio of -60.50. The business’s fifty day moving average is $10.34 and its 200 day moving average is $13.16. Netskope Inc. has a twelve month low of $7.66 and a twelve month high of $27.99. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The business’s revenue 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. Research analysts expect that Netskope Inc. will post -0.18 EPS for the current fiscal year.

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.