220,176 Shares in Netskope Inc. $NTSK Purchased by TD Asset Management Inc

TD Asset Management Inc acquired a new stake in Netskope Inc. (NASDAQ:NTSK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 220,176 shares of the company’s stock, valued at approximately $5,005,000. TD Asset Management Inc owned approximately 0.06% of Netskope at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTSK. CenterBook Partners LP acquired a new stake in shares of Netskope in the 3rd quarter valued at approximately $449,000. Readystate Asset Management LP acquired a new stake in Netskope in the third quarter valued at $341,000. Vanguard Group Inc. acquired a new stake in Netskope in the third quarter valued at $80,006,000. TimesSquare Capital Management LLC purchased a new stake in shares of Netskope during the 3rd quarter worth $61,833,000. Finally, Assetmark Inc. acquired a new position in shares of Netskope during the 3rd quarter worth $83,000.

Netskope Stock Down 2.0%

NTSK opened at $10.25 on Wednesday. The firm’s fifty day moving average is $14.28. Netskope Inc. has a 52 week low of $9.13 and a 52 week high of $27.99. The firm has a market capitalization of $4.03 billion and a price-to-earnings ratio of -102.50. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 5.17.

Netskope (NASDAQ:NTSK) last released its earnings results on Thursday, December 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.15. The firm had revenue of $184.17 million during the quarter, compared to analysts’ expectations of $175.81 million. The business’s revenue for the quarter was up 33.0% on a year-over-year basis.

Insiders Place Their Bets

In related news, CRO Raphael Bousquet sold 3,823 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $16.66, for a total value of $63,691.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Beri sold 31,594 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $17.58, for a total value of $555,422.52. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,049,721 shares of company stock valued at $18,020,279.

Analyst Upgrades and Downgrades

NTSK has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Netskope in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Netskope in a research report on Monday, December 29th. Mizuho lowered their price target on Netskope from $26.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Wells Fargo & Company started coverage on Netskope in a report on Tuesday. They set an “overweight” rating and a $13.00 price objective for the company. Finally, BTIG Research lowered their target price on Netskope from $27.00 to $22.00 and set a “buy” rating on the stock in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.47.

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.