Netskope Inc. $NTSK Stock: Chiron Capital Management LLC Trims Stake

Chiron Capital Management LLC trimmed its position in shares of Netskope Inc. (NASDAQ:NTSK) by 71.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NTSK. Rockefeller Capital Management L.P. grew its position in shares of Netskope by 199,900.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock worth $70,000 after buying an additional 3,998 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Netskope during the fourth quarter valued at approximately $87,000. Operose Advisors LLC acquired a new stake in Netskope in the second quarter valued at approximately $56,000. FNY Investment Advisers LLC boosted its stake in Netskope by 88.9% in the second quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock valued at $92,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Netskope by 57.6% in the first quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock valued at $79,000 after acquiring an additional 3,385 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. BMO Capital Markets upped their price target on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. BTIG Research raised their price objective on Netskope from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Piper Sandler raised their price objective on Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft set a $17.00 target price on Netskope in a research note on Monday, August 17th. Finally, TD Cowen reaffirmed a “buy” rating and set a $19.00 target price on shares of Netskope in a research report on Monday, August 17th. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.75.

Netskope Stock Performance

Shares of Netskope stock traded up $0.15 during midday trading on Thursday, hitting $20.20. The company had a trading volume of 3,102,409 shares, compared to its average volume of 4,997,916. The company has a fifty day simple moving average of $16.44 and a 200 day simple moving average of $12.77. The stock has a market cap of $8.25 billion and a price-to-earnings ratio of -7.93. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 4.45. Netskope Inc. has a 12-month low of $7.66 and a 12-month high of $24.98.

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

Insider Activity

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock in a transaction on Friday, September 11th. The shares were sold at an average price of $14.90, for a total transaction of $158,252.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 25.52% of the company’s stock.

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.