1,054,987 Shares in Netskope Inc. $NTSK Acquired by Weiss Asset Management LP

Weiss Asset Management LP purchased a new position in shares of Netskope Inc. (NASDAQ:NTSK) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 1,054,987 shares of the company’s stock, valued at approximately $8,957,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new stake in shares of Netskope in the third quarter valued at approximately $249,000. Legal & General Group Plc purchased a new stake in Netskope in the 3rd quarter valued at $1,677,000. Franklin Resources Inc. purchased a new stake in Netskope in the 3rd quarter valued at $17,460,000. Invesco Ltd. acquired a new stake in Netskope during the 3rd quarter worth $10,327,000. Finally, Squarepoint Ops LLC acquired a new stake in Netskope during the 3rd quarter worth $14,774,000.

Insider Activity

In related news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 336,173 shares of the company’s stock, valued at $3,089,429.87. This represents a 79.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Iconiq Strategic Partners Viii acquired 610,291 shares of Netskope stock in a transaction that occurred on Wednesday, July 8th. The stock was purchased at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the transaction, the insider owned 610,291 shares of the company’s stock, valued at $7,213,639.62. This trade represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on NTSK shares. BTIG Research dropped their price objective on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Piper Sandler decreased their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, June 4th. Wells Fargo & Company lowered their price target on Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Morgan Stanley dropped their price target on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Finally, BMO Capital Markets reduced their price objective on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. One equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Netskope presently has an average rating of “Moderate Buy” and a consensus target price of $17.21.

Netskope Stock Performance

Shares of NTSK opened at $11.53 on Friday. The stock has a market capitalization of $4.66 billion and a P/E ratio of -57.65. 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 Inc. has a 1 year low of $7.66 and a 1 year high of $27.99. The company’s fifty day moving average is $11.15 and its two-hundred day moving average is $11.41.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The firm’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. On average, sell-side analysts predict that Netskope Inc. will post -0.88 earnings per share for the current 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.