1,035,245 Shares in Netskope Inc. $NTSK Bought by New York Life Insurance Co.

New York Life Insurance Co. acquired a new stake in shares of Netskope Inc. (NASDAQ:NTSK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,035,245 shares of the company’s stock, valued at approximately $11,325,580,000. Netskope makes up approximately 2.1% of New York Life Insurance Co.’s investment portfolio, making the stock its 3rd biggest holding. New York Life Insurance Co. owned about 0.26% of Netskope as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its position in shares of Netskope by 32.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock worth $91,000 after purchasing an additional 1,270 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in Netskope in the fourth quarter valued at about $25,000. Quarry LP purchased a new stake in Netskope in the third quarter valued at about $41,000. Triumph Capital Management grew its stake in shares of Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Netskope by 60.5% during the fourth quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock valued at $103,000 after acquiring an additional 2,216 shares in the last quarter.

Netskope Stock Performance

NTSK opened at $14.51 on Friday. The firm’s fifty day simple moving average is $12.43 and its two-hundred day simple moving average is $11.17. Netskope Inc. has a 52-week low of $7.66 and a 52-week high of $27.99. The company has a market cap of $5.86 billion and a price-to-earnings ratio of -72.55. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. Netskope’s revenue was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Equities analysts anticipate that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NTSK shares. Citizens Jmp lowered their price objective on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research note on Friday, May 1st. Robert W. Baird cut their target price on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. BMO Capital Markets reduced their target price on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Oppenheimer boosted their price target on Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, TD Cowen restated a “buy” rating and issued a $19.00 price objective on shares of Netskope in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Netskope has a consensus rating of “Moderate Buy” and a consensus price target of $17.87.

Insider Transactions at Netskope

In related news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the sale, the insider directly owned 336,173 shares in the company, valued at approximately $3,089,429.87. The trade was a 79.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J.G. Griffith acquired 610,291 shares of Netskope stock in a transaction that occurred on Wednesday, July 8th. The stock was purchased at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the purchase, the director owned 610,291 shares in the company, valued at $7,213,639.62. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is currently owned by insiders.

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.