Hudson Bay Capital Management LP Takes Position in Netskope Inc. $NTSK

Hudson Bay Capital Management LP purchased a new stake in shares of Netskope Inc. (NASDAQ:NTSK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 259,159 shares of the company’s stock, valued at approximately $5,891,000.

Other hedge funds also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new position in Netskope in the 3rd quarter valued at approximately $3,928,000. Polar Asset Management Partners Inc. purchased a new position in shares of Netskope in the third quarter worth $2,814,000. BlueCrest Capital Management Ltd purchased a new position in shares of Netskope in the third quarter worth $5,035,000. Maven Securities LTD bought a new position in shares of Netskope during the third quarter valued at $227,000. Finally, Woodline Partners LP bought a new position in shares of Netskope during the third quarter valued at $9,639,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NTSK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Netskope in a report on Monday, December 29th. KeyCorp lowered their target price on shares of Netskope from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Piper Sandler dropped their price target on shares of Netskope from $28.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Mizuho reduced their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. Finally, Oppenheimer reissued an “outperform” rating and set a $19.00 price objective (down from $23.00) on shares of Netskope in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.89.

Netskope Price Performance

Shares of NTSK opened at $9.53 on Friday. The company has a market capitalization of $3.75 billion and a price-to-earnings ratio of -68.07. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17. Netskope Inc. has a one year low of $8.81 and a one year high of $27.99. The business has a fifty day moving average price of $12.44.

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

Insider Activity

In other news, CEO Sanjay Beri sold 31,594 shares of Netskope stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $17.58, for a total transaction of $555,422.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Raphael Bousquet sold 3,823 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $16.66, for a total transaction of $63,691.18. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,049,721 shares of company stock valued at $18,020,279 in the last quarter.

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.