120,222 Shares of Netskope Inc. $NTSK Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP purchased a new stake in Netskope Inc. (NASDAQ:NTSK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 120,222 shares of the company’s stock, valued at approximately $2,076,000.

A number of other institutional investors also recently modified their holdings of the business. Wasatch Advisors LP bought a new position in Netskope in the 2nd quarter worth approximately $25,107,000. Principal Financial Group Inc. grew its stake in Netskope by 31.4% in the 1st quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock valued at $21,628,000 after buying an additional 608,355 shares in the last quarter. New York Life Insurance Co. bought a new stake in Netskope during the 2nd quarter valued at $11,325,580. Weiss Asset Management LP bought a new stake in Netskope during the 1st quarter valued at $8,957,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Netskope by 1,381.8% during the first quarter. Bank of New York Mellon Corp now owns 475,918 shares of the company’s stock worth $4,041,000 after acquiring an additional 443,800 shares in the last quarter.

Insider Buying and Selling

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 25.52% of the stock is currently owned by insiders.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $21.44 on Wednesday. The firm has a fifty day moving average price of $19.39 and a two-hundred day moving average price of $13.47. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00. Netskope Inc. has a one year low of $7.66 and a one year high of $26.71.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.23. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. The firm had revenue of $220.54 million for 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, equities analysts anticipate that Netskope Inc. will post -0.82 EPS for the current year.

Analyst Ratings Changes

NTSK has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on Netskope in a research report on Wednesday, November 4th. They issued an “overweight” rating and a $28.00 price target for the company. BTIG Research increased their price objective on Netskope from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Robert W. Baird raised their target price on Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Oppenheimer lifted their target price on Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, TD Cowen reiterated a “buy” rating and set a $19.00 price target on shares of Netskope in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.82.

Netskope Company Profile

Netskope, Inc. provides cybersecurity and networking services that help organizations protect users, data and applications across cloud, web and private-network environments. Its offerings are designed to support distributed workforces and the use of cloud services while applying consistent security policies. The company’s Netskope One platform brings together security and networking capabilities, including secure web access, cloud application security, data loss prevention, threat protection and zero-trust network access.