CenterBook Partners LP Raises Stock Position in Netskope Inc. $NTSK

CenterBook Partners LP boosted its position in shares of Netskope Inc. (NASDAQ:NTSK) by 973.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,198 shares of the company’s stock after purchasing an additional 192,425 shares during the period. CenterBook Partners LP owned approximately 0.05% of Netskope worth $3,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NTSK. New York State Common Retirement Fund purchased a new stake in shares of Netskope in the 3rd quarter valued at approximately $943,000. Envestnet Asset Management Inc. purchased a new stake in shares of Netskope in the 3rd quarter valued at approximately $249,000. SBI Securities Co. Ltd. purchased a new stake in shares of Netskope in the 3rd quarter valued at approximately $89,000. Assetmark Inc. purchased a new stake in shares of Netskope in the 3rd quarter valued at approximately $83,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Netskope in the 3rd quarter valued at approximately $61,833,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Netskope from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Morgan Stanley reduced their price target on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday. Piper Sandler reduced their price target on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Oppenheimer reduced their price target on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.16.

Netskope Trading Down 2.2%

NASDAQ NTSK opened at $9.43 on Tuesday. 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 Inc. has a 52 week low of $7.66 and a 52 week high of $27.99. The stock has a market capitalization of $3.77 billion and a PE ratio of -67.36. The firm has a 50 day moving average of $10.31 and a two-hundred day moving average of $13.29.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The firm’s revenue was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. As a group, research analysts expect that Netskope Inc. will post -0.18 EPS for the current fiscal year.

Netskope Company 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.