Capital Research Global Investors Raises Stock Position in Netskope Inc. $NTSK

Capital Research Global Investors boosted its holdings in Netskope Inc. (NASDAQ:NTSK) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,261,418 shares of the company’s stock after buying an additional 161,418 shares during the period. Capital Research Global Investors owned 0.58% of Netskope worth $39,665,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Insight Holdings Group LLC purchased a new stake in Netskope in the 3rd quarter worth $3,978,000. Tudor Investment Corp ET AL purchased a new stake in Netskope in the 3rd quarter worth $3,928,000. TD Asset Management Inc purchased a new stake in Netskope in the 3rd quarter worth $5,005,000. Swedbank AB purchased a new stake in Netskope in the 4th quarter worth $1,801,000. Finally, OFI Invest Asset Management purchased a new stake in Netskope in the 4th quarter worth $15,889,000.

Netskope Stock Down 4.6%

NTSK opened at $9.00 on Wednesday. The firm has a 50-day simple moving average of $10.33 and a two-hundred day simple moving average of $13.23. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99. The company has a market capitalization of $3.60 billion and a PE ratio of -64.29. 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 announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. The firm’s quarterly 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. Analysts forecast that Netskope Inc. will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on NTSK. BMO Capital Markets dropped their price objective on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Morgan Stanley dropped their price objective on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, June 4th. Mizuho dropped their price objective on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. KeyCorp increased their price objective on shares of Netskope from $13.00 to $15.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Piper Sandler dropped their price objective on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, June 4th. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Netskope presently has a consensus rating of “Moderate Buy” and an average target price of $17.16.

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.