105,399 Shares in Netskope Inc. $NTSK Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Netskope Inc. (NASDAQ:NTSK) in the third quarter, HoldingsChannel.com reports. The fund purchased 105,399 shares of the company’s stock, valued at approximately $1,838,000.

Several other large investors have also bought and sold shares of the business. Walser Wealth Management Company A Ltd Liability Co boosted its stake in Netskope by 6.4% in the third quarter. Walser Wealth Management Company A Ltd Liability Co now owns 15,554 shares of the company’s stock valued at $271,000 after acquiring an additional 939 shares during the last quarter. Triumph Capital Management raised its position in shares of Netskope by 2.9% during the 2nd quarter. Triumph Capital Management now owns 70,505 shares of the company’s stock valued at $771,000 after acquiring an additional 1,977 shares during the last quarter. Assetmark Inc. raised its position in shares of Netskope by 57.6% during the 1st quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock valued at $79,000 after acquiring an additional 3,385 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Netskope by 199,900.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock valued at $70,000 after purchasing an additional 3,998 shares during the period. Finally, FNY Investment Advisers LLC lifted its stake in shares of Netskope by 88.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock valued at $92,000 after purchasing an additional 4,000 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Robert W. Baird lifted their price objective on Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. BMO Capital Markets increased their target price on Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Stephens began coverage on Netskope in a research note on Monday, September 14th. They issued an “overweight” rating and a $21.00 target price on the stock. BTIG Research raised their target price on Netskope from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Finally, Zacks Research upgraded Netskope from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.66.

Netskope Trading Down 1.7%

NASDAQ:NTSK opened at $21.30 on Friday. Netskope Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $26.71. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00. The stock has a market capitalization of $8.70 billion, a PE ratio of -8.35 and a beta of 2.43. The business’s 50-day simple moving average is $19.12 and its 200-day simple moving average is $13.40.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. The business had revenue of $220.54 million during the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. Sell-side analysts expect that Netskope Inc. will post -0.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $14.90, for a total value of $158,252.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 25.52% of the company’s stock.

About Netskope

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.