Netskope Inc. $NTSK Shares Sold by Chiron Capital Management LLC

Chiron Capital Management LLC trimmed its position in Netskope Inc. (NASDAQ:NTSK) by 71.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,003 shares of the company’s stock after selling 27,900 shares during the quarter. Chiron Capital Management LLC’s holdings in Netskope were worth $192,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triumph Capital Management raised its holdings in shares of Netskope by 2.9% during the second quarter. Triumph Capital Management now owns 70,505 shares of the company’s stock worth $771,000 after purchasing an additional 1,977 shares during the last quarter. Assetmark Inc. lifted its position in Netskope by 57.6% during the first quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock valued at $79,000 after purchasing an additional 3,385 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Netskope by 199,900.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock valued at $70,000 after purchasing an additional 3,998 shares during the last quarter. FNY Investment Advisers LLC grew its position in Netskope by 88.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock worth $92,000 after purchasing an additional 4,000 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Netskope during the 4th quarter worth about $87,000.

Netskope Price Performance

Shares of Netskope stock traded up $0.15 on Thursday, hitting $20.20. The company’s stock had a trading volume of 3,102,409 shares, compared to its average volume of 4,997,916. The company has a market capitalization of $8.25 billion and a price-to-earnings ratio of -7.93. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $24.98. 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 fifty day moving average price of $16.44 and a 200-day moving average price of $12.77.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (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 company 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, sell-side analysts anticipate that Netskope Inc. will post -0.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley lifted their price objective on Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Wells Fargo & Company raised their price objective on shares of Netskope from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netskope in a report on Friday, October 2nd. Oppenheimer boosted their target price on shares of Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, Robert W. Baird increased their price target on shares of Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Netskope has an average rating of “Moderate Buy” and a consensus target price of $18.75.

Insider Buying and Selling at Netskope

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $14.90, for a total transaction of $158,252.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.52% of the stock is currently owned by insiders.

Netskope Company Profile

Netskope, Inc is a cloud security company that provides technology for protecting data, users, applications and networks in modern digital environments. Its platform is designed to help organizations secure access to cloud services, web applications, private applications and other internet-connected resources while supporting distributed workforces and hybrid IT infrastructures.

The company’s products include cloud access security broker (CASB) capabilities, secure web gateway services, zero trust network access, data loss prevention, cloud firewall functionality and security analytics.