Swedbank AB bought a new position in Netskope Inc. (NASDAQ:NTSK – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 102,693 shares of the company’s stock, valued at approximately $1,801,000.
Other large investors have also added to or reduced their stakes in the company. ICONIQ Capital LLC bought a new stake in shares of Netskope during the 3rd quarter valued at $1,506,261,000. Scge Management L.P. bought a new stake in shares of Netskope during the 3rd quarter valued at $312,104,000. Vanguard Group Inc. bought a new stake in shares of Netskope during the 3rd quarter valued at $80,006,000. TimesSquare Capital Management LLC bought a new stake in shares of Netskope during the 3rd quarter valued at $61,833,000. Finally, Bamco Inc. NY bought a new stake in shares of Netskope during the 3rd quarter valued at $52,888,000.
Netskope Stock Down 8.2%
NTSK opened at $11.13 on Thursday. The company has a debt-to-equity ratio of 3.71, a quick ratio of 2.12 and a current ratio of 2.13. Netskope Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $27.99. The firm’s fifty day moving average is $9.96 and its 200 day moving average is $13.82. The stock has a market cap of $4.46 billion and a price-to-earnings ratio of -79.50.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on NTSK. Citizens Jmp lowered their target price on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st. Royal Bank Of Canada lowered their target price on shares of Netskope from $19.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. FBN Securities began coverage on shares of Netskope in a research note on Wednesday, February 25th. They set an “outperform” rating and a $15.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Netskope in a research note on Friday, March 27th. Finally, KeyCorp lifted their target price on shares of Netskope from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Netskope currently has a consensus rating of “Moderate Buy” and an average target price of $18.42.
Get Our Latest Analysis on NTSK
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.
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