Silicon Valley Capital Partners Takes Position in Netskope Inc. $NTSK

Silicon Valley Capital Partners acquired a new position in Netskope Inc. (NASDAQ:NTSK) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 30,040 shares of the company’s stock, valued at approximately $329,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in Netskope by 31.4% in the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock valued at $21,628,000 after purchasing an additional 608,355 shares during the period. Wasatch Advisors LP acquired a new stake in shares of Netskope in the second quarter valued at $25,107,000. Capital Research Global Investors grew its stake in shares of Netskope by 7.7% in the fourth quarter. Capital Research Global Investors now owns 2,261,418 shares of the company’s stock valued at $39,665,000 after buying an additional 161,418 shares in the last quarter. BIT Capital GmbH purchased a new stake in shares of Netskope in the 4th quarter valued at $27,683,000. Finally, Weiss Asset Management LP acquired a new position in Netskope during the 1st quarter worth about $8,957,000.

Insiders Place Their Bets

In other news, Director William J.G. Griffith acquired 610,291 shares of Netskope stock in a transaction dated Wednesday, July 8th. The shares were acquired at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the acquisition, the director 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Iconiq Strategic Partners Viii acquired 610,291 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were purchased at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the transaction, the insider owned 610,291 shares in the company, valued at approximately $7,213,639.62. The trade was a ? increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 1,833,380 shares of company stock worth $21,960,909 and sold 240,317 shares worth $2,961,806. 25.52% of the stock is currently owned by company insiders.

Netskope Stock Up 5.2%

Shares of NTSK traded up $0.91 during midday trading on Monday, hitting $18.40. The company had a trading volume of 8,088,560 shares, compared to its average volume of 4,919,467. The company’s 50-day simple moving average is $14.27 and its 200-day simple moving average is $11.66. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. The firm has a market capitalization of $7.52 billion and a P/E ratio of -7.22. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NTSK shares. Rosenblatt Securities lifted their target price on Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. TD Cowen reissued a “buy” rating and issued a $19.00 price objective on shares of Netskope in a research note on Monday, August 17th. BTIG Research lifted their price objective on shares of Netskope from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Piper Sandler upped their target price on shares of Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Finally, Stephens initiated coverage on shares of Netskope in a research note on Monday, September 14th. They issued an “overweight” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.12.

Netskope Profile

Netskope, Inc is a cybersecurity company that provides a cloud-native platform designed to help organizations secure data, users, devices, applications and networks. Its offerings address security needs arising from cloud computing, remote work and the use of software-as-a-service applications.

The company’s platform includes security service edge (SSE) and secure access service edge (SASE) capabilities, such as cloud access security broker (CASB) services, secure web gateways, zero-trust network access, data loss prevention, cloud firewall functionality and security analytics.