Netskope Inc. $NTSK Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC boosted its holdings in Netskope Inc. (NASDAQ:NTSK) by 117.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 977,786 shares of the company’s stock after purchasing an additional 528,164 shares during the period. Stephens Investment Management Group LLC owned about 0.24% of Netskope worth $8,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. ICONIQ Capital LLC acquired a new stake in shares of Netskope during the third quarter worth approximately $1,506,261,000. Scge Management L.P. bought a new stake in Netskope in the third quarter valued at about $312,104,000. Public Sector Pension Investment Board acquired a new position in shares of Netskope in the 4th quarter worth approximately $60,882,000. Bamco Inc. NY bought a new stake in shares of Netskope in the 3rd quarter valued at approximately $52,888,000. Finally, Capital Research Global Investors acquired a new position in Netskope in the third quarter worth $47,733,000.

Insiders Place Their Bets

In related news, major shareholder Lightspeed Venture Partners Se sold 336,173 shares of Netskope stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Arif Janmohamed sold 336,173 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,300,000 shares of company stock valued at $30,199,254 in the last quarter. Insiders own 25.52% of the company’s stock.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $11.71 on Monday. The stock’s 50 day moving average price is $10.51 and its 200 day moving average price is $11.98. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The stock has a market cap of $4.73 billion and a price-to-earnings ratio of -58.55. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $27.99.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate 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. Equities research analysts anticipate that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. BTIG Research lowered their price objective on shares of Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. JPMorgan Chase & Co. decreased their target price on Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Royal Bank Of Canada set a $18.00 target price on Netskope in a report on Thursday, June 4th. BMO Capital Markets cut their price target on Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Finally, Mizuho reduced their price objective on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, Netskope has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

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.