Granahan Investment Management LLC Takes $2.21 Million Position in Netskope Inc. $NTSK

Granahan Investment Management LLC bought a new stake in Netskope Inc. (NASDAQ:NTSK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 97,096 shares of the company’s stock, valued at approximately $2,207,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTSK. Assetmark Inc. acquired a new position in Netskope during the third quarter worth approximately $83,000. RiverPark Advisors LLC bought a new position in shares of Netskope during the 3rd quarter worth approximately $87,000. SBI Securities Co. Ltd. acquired a new position in shares of Netskope during the 3rd quarter worth approximately $89,000. Ameriflex Group Inc. acquired a new position in shares of Netskope during the 3rd quarter worth approximately $127,000. Finally, Virtu Financial LLC bought a new stake in Netskope in the 3rd quarter valued at $218,000.

Analyst Ratings Changes

A number of equities analysts have commented on NTSK shares. Mizuho 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 report on Thursday, March 12th. BMO Capital Markets cut their target price on shares of Netskope from $26.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. Morgan Stanley reduced their target price on shares of Netskope from $27.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. William Blair set a $21.00 price target on shares of Netskope in a report on Thursday. Finally, Citizens Jmp cut their price objective on shares of Netskope from $27.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Netskope currently has an average rating of “Moderate Buy” and an average price target of $18.89.

Insiders Place Their Bets

In other news, CEO Sanjay Beri sold 31,594 shares of Netskope stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $17.58, for a total value of $555,422.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Raphael Bousquet sold 3,823 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $16.66, for a total value of $63,691.18. The disclosure for this sale is available in the SEC filing. Insiders sold 1,049,721 shares of company stock worth $18,020,279 in the last quarter.

Netskope Price Performance

NTSK stock opened at $9.66 on Tuesday. Netskope Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $27.99. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17. The company has a market cap of $3.80 billion and a PE ratio of -96.60. The stock’s fifty day moving average price is $13.05.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $196.33 million during the quarter. Netskope’s 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.

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.