Next Century Growth Investors LLC grew its stake in Netskope Inc. (NASDAQ:NTSK – Free Report) by 87.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 578,365 shares of the company’s stock after buying an additional 269,283 shares during the quarter. Next Century Growth Investors LLC’s holdings in Netskope were worth $10,145,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its position in shares of Netskope by 32.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock worth $91,000 after buying an additional 1,270 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Netskope in the fourth quarter worth about $25,000. Quarry LP acquired a new stake in shares of Netskope in the third quarter worth about $41,000. Triumph Capital Management lifted its position in shares of Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Netskope by 60.5% in the fourth quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock worth $103,000 after buying an additional 2,216 shares during the last quarter.
Netskope Trading Up 3.8%
Shares of NTSK opened at $9.04 on Friday. Netskope Inc. has a 12-month low of $7.66 and a 12-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. The firm has a market capitalization of $3.65 billion and a price-to-earnings ratio of -45.20. The stock’s 50-day moving average price is $10.36 and its 200 day moving average price is $13.06.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on NTSK shares. Citizens Jmp dropped their price objective on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Netskope in a research note on Friday, March 27th. KeyCorp lifted their price objective on Netskope from $13.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. dropped their price objective on Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Finally, Mizuho dropped their price objective on Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.16.
Check Out Our Latest Report on Netskope
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.
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