Alta Park Capital LP Decreases Stake in Netskope Inc. $NTSK

Alta Park Capital LP lowered its position in Netskope Inc. (NASDAQ:NTSK) by 30.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 909,091 shares of the company’s stock after selling 403,722 shares during the quarter. Netskope comprises 1.9% of Alta Park Capital LP’s investment portfolio, making the stock its 25th largest holding. Alta Park Capital LP’s holdings in Netskope were worth $15,945,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Freestone Grove Partners LP increased its holdings in Netskope by 25.1% in the 4th quarter. Freestone Grove Partners LP now owns 250,147 shares of the company’s stock worth $4,388,000 after acquiring an additional 50,147 shares during the last quarter. Sandia Investment Management LP grew its holdings in Netskope by 300.0% during the 4th quarter. Sandia Investment Management LP now owns 40,000 shares of the company’s stock valued at $702,000 after buying an additional 30,000 shares in the last quarter. Jump Financial LLC purchased a new position in Netskope during the 4th quarter valued at about $495,000. Granahan Investment Management LLC grew its holdings in Netskope by 108.5% during the 4th quarter. Granahan Investment Management LLC now owns 202,461 shares of the company’s stock valued at $3,551,000 after buying an additional 105,365 shares in the last quarter. Finally, &PARTNERS purchased a new position in Netskope during the 4th quarter valued at about $562,000.

Netskope Stock Performance

NASDAQ:NTSK opened at $8.72 on Thursday. The business has a 50 day moving average of $10.34 and a 200 day moving average of $12.83. The company has a market capitalization of $3.52 billion and a price-to-earnings ratio of -43.60. Netskope Inc. has a 1-year low of $7.66 and a 1-year high of $27.99. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The firm’s quarterly 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 fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTSK. KeyCorp lifted their target price on Netskope from $13.00 to $15.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Royal Bank Of Canada set a $18.00 target price on Netskope in a report on Thursday, June 4th. Mizuho reduced their target price on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Wells Fargo & Company cut their price objective on Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, June 5th. Finally, BMO Capital Markets decreased their price objective on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.16.

Insider Activity at Netskope

In related news, major shareholder Lightspeed Venture Partners Se sold 336,173 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.00, for a total transaction of $3,025,557.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arif Janmohamed sold 336,173 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. The disclosure for this sale is available in the SEC filing. Insiders sold 3,300,000 shares of company stock valued at $30,199,254 in the last quarter. Corporate insiders own 25.52% of the company’s stock.

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.