Pathway Capital Management LP bought a new position in Netskope Inc. (NASDAQ:NTSK – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 33,213 shares of the company’s stock, valued at approximately $579,000. Netskope accounts for approximately 3.0% of Pathway Capital Management LP’s holdings, making the stock its 3rd biggest position.
Several other large investors have also recently bought and sold shares of the business. Wasatch Advisors LP acquired a new position in shares of Netskope in the 2nd quarter valued at about $25,107,000. Principal Financial Group Inc. raised its holdings in shares of Netskope by 31.4% during the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after acquiring an additional 608,355 shares in the last quarter. New York Life Insurance Co. purchased a new stake in shares of Netskope during the second quarter worth $11,325,580. Weiss Asset Management LP acquired a new stake in Netskope during the first quarter valued at $8,957,000. Finally, Stephens Investment Management Group LLC boosted its position in Netskope by 117.5% during the first quarter. Stephens Investment Management Group LLC now owns 977,786 shares of the company’s stock valued at $8,301,000 after purchasing an additional 528,164 shares during the last quarter.
Insiders Place Their Bets
In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 25.52% of the stock is currently owned by insiders.
Analyst Ratings Changes
NTSK has been the topic of several research reports. BMO Capital Markets upped their target price on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Stephens initiated coverage on Netskope in a research note on Monday, September 14th. They issued an “overweight” rating and a $21.00 price target for the company. Rosenblatt Securities increased their price objective on Netskope from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Piper Sandler raised their price objective on shares of Netskope from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $17.00 target price on shares of Netskope in a research report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.19.
Check Out Our Latest Research Report on Netskope
Netskope Stock Performance
Shares of NTSK stock opened at $24.30 on Monday. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $26.71. The company has a market cap of $9.93 billion, a PE ratio of -9.53 and a beta of 2.41. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 4.45. The business’s 50 day moving average is $18.35 and its two-hundred day moving average is $13.24.
Netskope (NASDAQ:NTSK – Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. The business had revenue of $220.54 million during 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. Equities analysts predict that Netskope Inc. will post -0.82 EPS for the current year.
Netskope Profile
Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.
The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.
Recommended Stories
- Five stocks we like better than Netskope
- SK hynix Says Memory Demand Beats Supply Through 2030—What It Means for Micron and SanDisk
- STMicroelectronics Could Reach New Highs—Here’s What Needs to Happen
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
Want to see what other hedge funds are holding NTSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netskope Inc. (NASDAQ:NTSK – Free Report).
Receive News & Ratings for Netskope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netskope and related companies with MarketBeat.com's FREE daily email newsletter.
