Hsbc Holdings PLC Makes New $350,000 Investment in Netskope Inc. $NTSK

Hsbc Holdings PLC acquired a new position in shares of Netskope Inc. (NASDAQ:NTSK) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,793 shares of the company’s stock, valued at approximately $350,000.

Several other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC acquired a new position in Netskope during the 4th quarter worth $25,000. Quarry LP acquired a new stake in Netskope in the 3rd quarter valued at about $41,000. Triumph Capital Management raised its position in Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after purchasing an additional 1,900 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after buying an additional 2,617 shares during the period. Finally, Leonteq Securities AG purchased a new position in shares of Netskope in the 4th quarter valued at about $64,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NTSK shares. Rosenblatt Securities began coverage on shares of Netskope in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 target price on the stock. Citizens Jmp lowered their price target on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. Oppenheimer lowered their price target on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. KeyCorp increased their price objective on shares of Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company reduced their price objective on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.21.

Netskope Stock Up 4.0%

NTSK stock opened at $12.59 on Friday. 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 Inc. has a twelve month low of $7.66 and a twelve month high of $27.99. The company’s 50 day moving average is $11.20 and its two-hundred day moving average is $11.24. The stock has a market cap of $5.09 billion and a P/E ratio of -62.95.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million for 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. Research analysts expect that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Insider Activity at Netskope

In related news, Director Arif Janmohamed sold 336,173 shares of the business’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $12.23, for a total transaction of $2,679,287.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have bought 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is owned by corporate insiders.

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.