K.J. Harrison & Partners Inc Makes New $424,000 Investment in Netskope Inc. $NTSK

K.J. Harrison & Partners Inc acquired a new stake in Netskope Inc. (NASDAQ:NTSK) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,000 shares of the company’s stock, valued at approximately $424,000.

A number of other institutional investors also recently modified their holdings of NTSK. ICONIQ Capital LLC bought a new stake in shares of Netskope in the third quarter worth about $1,506,261,000. Scge Management L.P. purchased a new stake in Netskope in the 3rd quarter worth approximately $312,104,000. Vanguard Group Inc. grew its position in shares of Netskope by 51.5% in the 4th quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock worth $93,536,000 after buying an additional 1,812,857 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Netskope by 11.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock worth $62,469,000 after buying an additional 373,529 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Netskope by 14.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock valued at $62,383,000 after buying an additional 456,321 shares during the period.

Insider Buying and Selling at Netskope

In other Netskope news, Director Arif Janmohamed sold 1,313,827 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the transaction, the director owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the sale, the insider owned 336,173 shares in the company, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,300,000 shares of company stock valued at $30,199,254 in the last three months. Insiders own 25.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Rosenblatt Securities began coverage on Netskope in a report on Tuesday, April 14th. They set a “buy” rating and a $15.00 target price for the company. Citizens Jmp cut their price target on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. JPMorgan Chase & Co. reduced their price objective on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. KeyCorp decreased their price objective on shares of Netskope from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, June 25th. Finally, William Blair set a $21.00 target price on shares of Netskope in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $11.71 on Monday. Netskope Inc. has a 52-week low of $7.66 and a 52-week high of $27.99. The firm has a market capitalization of $4.73 billion and a P/E ratio of -58.55. The stock has a 50 day moving average price of $10.51 and a 200-day moving average price of $11.98. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17.

Netskope (NASDAQ:NTSK) last released its 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 firm had revenue of $201.59 million during the quarter. Netskope’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, equities research analysts anticipate that Netskope Inc. will post -0.88 EPS for the current fiscal year.

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.