Granahan Investment Management LLC Increases Holdings in Netskope Inc. $NTSK

Granahan Investment Management LLC raised its holdings in shares of Netskope Inc. (NASDAQ:NTSK) by 81.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 367,578 shares of the company’s stock after acquiring an additional 165,117 shares during the quarter. Granahan Investment Management LLC’s holdings in Netskope were worth $3,121,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NTSK. Swedbank AB acquired a new position in Netskope in the fourth quarter valued at approximately $1,801,000. OFI Invest Asset Management acquired a new stake in Netskope during the fourth quarter worth approximately $15,889,000. Principal Financial Group Inc. raised its holdings in Netskope by 31.4% during the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after purchasing an additional 608,355 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Netskope during the 3rd quarter worth approximately $3,928,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Netskope by 11.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock worth $62,469,000 after buying an additional 373,529 shares during the last quarter.

Netskope Stock Performance

Shares of NTSK opened at $11.53 on Friday. The company’s 50 day simple moving average is $11.15 and its 200-day simple moving average is $11.41. The firm has a market cap of $4.66 billion and a PE ratio of -57.65. Netskope Inc. has a 12-month low of $7.66 and a 12-month high of $27.99. 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 (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business 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. As a group, equities analysts predict that Netskope Inc. will post -0.88 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on NTSK. Piper Sandler dropped their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Robert W. Baird reduced their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. KeyCorp upped their price objective on shares of Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Royal Bank Of Canada set a $18.00 target price on Netskope in a research report on Thursday, June 4th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.21.

Insider Buying and Selling

In related news, major shareholder Iconiq Strategic Partners Viii acquired 610,291 shares of Netskope stock in a transaction on Wednesday, July 8th. The stock was purchased at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the purchase, the insider directly owned 610,291 shares in the company, valued at approximately $7,213,639.62. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.19, for a total value of $12,074,070.13. Following the sale, the insider directly owned 336,173 shares of the company’s stock, valued at $3,089,429.87. The trade was a 79.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. Company insiders own 25.52% of the company’s stock.

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.