CenterBook Partners LP Increases Stake in Netskope Inc. $NTSK

CenterBook Partners LP grew its position in shares of Netskope Inc. (NASDAQ:NTSK) by 973.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 212,198 shares of the company’s stock after buying an additional 192,425 shares during the period. CenterBook Partners LP’s holdings in Netskope were worth $3,722,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NTSK. ICONIQ Capital LLC purchased a new position in Netskope during the 3rd quarter worth $1,506,261,000. Scge Management L.P. purchased a new position in Netskope during the 3rd quarter worth $312,104,000. Vanguard Group Inc. purchased a new position in Netskope during the 3rd quarter worth $80,006,000. TimesSquare Capital Management LLC purchased a new position in Netskope during the 3rd quarter worth $61,833,000. Finally, Bamco Inc. NY purchased a new position in Netskope during the 3rd quarter worth $52,888,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NTSK. Piper Sandler cut their price objective on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley cut their price objective on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday. Wells Fargo & Company cut their price objective on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday. Rosenblatt Securities initiated coverage on shares of Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price target for the company. Finally, Robert W. Baird reduced their price objective on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.16.

Netskope Price Performance

Shares of NASDAQ NTSK opened at $9.43 on Tuesday. The stock has a market cap of $3.77 billion and a price-to-earnings ratio of -67.36. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99. The company’s 50-day moving average price is $10.31 and its 200 day moving average price is $13.29. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The business’s revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. As a group, research analysts forecast that Netskope Inc. will post -0.18 earnings per share for the current fiscal year.

Netskope Company 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.