271,770 Shares in Netskope Inc. $NTSK Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new position in shares of Netskope Inc. (NASDAQ:NTSK) in the 3rd quarter, HoldingsChannel reports. The firm purchased 271,770 shares of the company’s stock, valued at approximately $4,740,000. Netskope accounts for about 1.3% of Lisanti Capital Growth LLC’s portfolio, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wasatch Advisors LP acquired a new position in shares of Netskope in the 2nd quarter worth approximately $25,107,000. Principal Financial Group Inc. increased its position in shares of Netskope by 31.4% during the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after buying an additional 608,355 shares during the period. Penn Capital Management Company LLC acquired a new stake in shares of Netskope during the third quarter worth $16,158,000. New York Life Insurance Co. acquired a new stake in shares of Netskope during the second quarter worth $11,325,580. Finally, Weiss Asset Management LP bought a new position in Netskope during the first quarter worth $8,957,000.

Insider Activity at Netskope

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 25.52% of the stock is currently owned by corporate insiders.

Netskope Trading Up 4.3%

NASDAQ:NTSK opened at $22.37 on Thursday. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $26.71. The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 4.45. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of -8.77 and a beta of 2.43. The firm has a fifty day simple moving average of $19.55 and a two-hundred day simple moving average of $13.50.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, beating 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 firm 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. Analysts expect that Netskope Inc. will post -0.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NTSK. JPMorgan Chase & Co. boosted their target price on shares of Netskope from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Rosenblatt Securities upped their price target on shares of Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Cantor Fitzgerald initiated coverage on Netskope in a report on Wednesday, November 4th. They set an “overweight” rating and a $28.00 price target for the company. TD Cowen reissued a “buy” rating and issued a $19.00 price objective on shares of Netskope in a research report on Monday, August 17th. Finally, KeyCorp lifted their price objective on Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.82.

Netskope Company Profile

Netskope, Inc. provides cybersecurity and networking services that help organizations protect users, data and applications across cloud, web and private-network environments. Its offerings are designed to support distributed workforces and the use of cloud services while applying consistent security policies. The company’s Netskope One platform brings together security and networking capabilities, including secure web access, cloud application security, data loss prevention, threat protection and zero-trust network access.