Clearbridge Investments LLC Boosts Position in Netskope Inc. $NTSK

Clearbridge Investments LLC raised its stake in shares of Netskope Inc. (NASDAQ:NTSK) by 84.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 737,933 shares of the company’s stock after buying an additional 337,933 shares during the quarter. Clearbridge Investments LLC owned about 0.19% of Netskope worth $12,943,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in Netskope during the 4th quarter valued at about $25,000. Quarry LP purchased a new position in Netskope during the 3rd quarter valued at about $41,000. Leonteq Securities AG purchased a new stake in Netskope in the 4th quarter worth approximately $64,000. Dara Capital US Inc. purchased a new stake in Netskope in the 4th quarter worth approximately $72,000. Finally, Assetmark Inc. purchased a new stake in Netskope in the 3rd quarter worth approximately $83,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NTSK. Piper Sandler lowered their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Wells Fargo & Company lowered their target price on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. KeyCorp boosted their target price on Netskope from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Oppenheimer reduced their target price on Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. reduced their target price on Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.16.

Netskope Stock Performance

Shares of NASDAQ NTSK opened at $8.47 on Thursday. The stock has a market cap of $3.39 billion and a price-to-earnings ratio of -60.50. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. Netskope Inc. has a 1-year low of $7.66 and a 1-year high of $27.99. The stock’s 50-day moving average is $10.34 and its 200 day moving average is $13.16.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The business’s revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, sell-side analysts anticipate 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.