Tudor Investment Corp ET AL Purchases Shares of 172,807 Netskope Inc. $NTSK

Tudor Investment Corp ET AL acquired a new position in shares of Netskope Inc. (NASDAQ:NTSK) during the third quarter, Holdings Channel reports. The institutional investor acquired 172,807 shares of the company’s stock, valued at approximately $3,928,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTSK. New York Life Insurance Co. acquired a new position in Netskope during the 3rd quarter worth $31,236,000. Federated Hermes Inc. acquired a new stake in Netskope in the 3rd quarter valued at about $18,184,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Netskope in the 3rd quarter valued at about $72,463,000. Insight Holdings Group LLC purchased a new position in shares of Netskope in the 3rd quarter valued at about $3,978,000. Finally, TD Asset Management Inc acquired a new position in shares of Netskope during the third quarter worth about $5,005,000.

Insider Transactions at Netskope

In related news, CFO Matto Andrew H. Del sold 49,875 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $17.16, for a total value of $855,855.00. Following the completion of the sale, the chief financial officer directly owned 41,493 shares of the company’s stock, valued at $712,019.88. This represents a 54.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Beri sold 31,594 shares of Netskope stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $17.58, for a total value of $555,422.52. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,049,721 shares of company stock worth $18,020,279.

Netskope Price Performance

Shares of Netskope stock opened at $8.48 on Friday. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32. Netskope Inc. has a 52 week low of $8.32 and a 52 week high of $27.99. The company has a 50 day moving average of $11.86. The stock has a market capitalization of $3.33 billion and a price-to-earnings ratio of -60.57.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company had revenue of $196.33 million for the quarter. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS.

Wall Street Analyst Weigh In

NTSK has been the topic of several analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $19.00 target price (down from $23.00) on shares of Netskope in a report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Netskope in a report on Monday, December 29th. Piper Sandler decreased their price objective on shares of Netskope from $28.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. Mizuho dropped their target price on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Finally, BTIG Research cut their price target on Netskope from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.89.

About Netskope

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.