30,040 Shares in Netskope Inc. $NTSK Purchased by Silicon Valley Capital Partners

Silicon Valley Capital Partners acquired a new position in shares of Netskope Inc. (NASDAQ:NTSK) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 30,040 shares of the company’s stock, valued at approximately $329,000.

A number of other hedge funds have also made changes to their positions in NTSK. Operose Advisors LLC acquired a new stake in shares of Netskope in the second quarter worth approximately $56,000. Leonteq Securities AG acquired a new position in Netskope in the 4th quarter valued at $64,000. Rockefeller Capital Management L.P. lifted its holdings in Netskope by 199,900.0% in the 4th 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 in the last quarter. Assetmark Inc. boosted its stake in Netskope by 57.6% during the 1st quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock worth $79,000 after purchasing an additional 3,385 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Netskope during the 4th quarter worth $87,000.

Analyst Ratings Changes

A number of brokerages have recently commented on NTSK. Stephens started coverage on shares of Netskope in a research report on Monday, September 14th. They issued an “overweight” rating and a $21.00 target price for the company. Mizuho set a $16.00 price objective on shares of Netskope in a research note on Wednesday, August 19th. Rosenblatt Securities increased their price objective on shares of Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Wells Fargo & Company raised their target price on shares of Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Finally, Robert W. Baird boosted their target price on 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, sixteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.12.

Insider Activity

In other Netskope news, Director William J.G. Griffith bought 64,771 shares of the business’s stock in a transaction on Monday, July 13th. The stock was bought at an average price of $12.42 per share, with a total value of $804,455.82. Following the completion of the purchase, the director directly owned 916,690 shares in the company, valued at $11,385,289.80. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Iconiq Strategic Partners Viii bought 64,771 shares of Netskope stock in a transaction on Monday, July 13th. The stock was acquired at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the transaction, the insider directly owned 916,690 shares of the company’s stock, valued at approximately $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 1,833,380 shares of company stock valued at $21,960,909 and have sold 240,317 shares valued at $2,961,806. Corporate insiders own 25.52% of the company’s stock.

Netskope Trading Up 5.2%

Shares of NTSK stock traded up $0.91 on Monday, hitting $18.40. 8,088,560 shares of the stock traded hands, compared to its average volume of 4,919,467. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. Netskope Inc. has a twelve month low of $7.66 and a twelve month high of $27.99. The firm’s 50-day moving average price is $14.27 and its two-hundred day moving average price is $11.66. The stock has a market capitalization of $7.52 billion and a PE ratio of -7.22.

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

About Netskope

Netskope, Inc is a cybersecurity company that provides a cloud-native platform designed to help organizations secure data, users, devices, applications and networks. Its offerings address security needs arising from cloud computing, remote work and the use of software-as-a-service applications.

The company’s platform includes security service edge (SSE) and secure access service edge (SASE) capabilities, such as cloud access security broker (CASB) services, secure web gateways, zero-trust network access, data loss prevention, cloud firewall functionality and security analytics.