Swiss National Bank Takes $1.01 Million Position in Netskope Inc. $NTSK

Swiss National Bank purchased a new position in Netskope Inc. (NASDAQ:NTSK) during the first quarter, HoldingsChannel.com reports. The fund purchased 119,400 shares of the company’s stock, valued at approximately $1,014,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new position in Netskope during the third quarter valued at $249,000. Legal & General Group Plc purchased a new stake in shares of Netskope in the third quarter worth $1,677,000. Franklin Resources Inc. purchased a new stake in shares of Netskope in the third quarter worth $17,460,000. Invesco Ltd. bought a new position in shares of Netskope during the third quarter valued at $10,327,000. Finally, Squarepoint Ops LLC bought a new position in shares of Netskope during the third quarter valued at $14,774,000.

Insiders Place Their Bets

In related news, major shareholder Iconiq Strategic Partners Viii bought 610,291 shares of the stock in a transaction on Wednesday, July 8th. The shares were acquired at an average price of $11.82 per share, for a total transaction of $7,213,639.62. Following the purchase, the insider owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following 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 position. The SEC filing for this sale provides additional information. In the last 90 days, 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 owned by insiders.

Netskope Stock Up 4.0%

NTSK stock opened at $12.59 on Friday. Netskope Inc. has a 1-year low of $7.66 and a 1-year high of $27.99. The business has a fifty day moving average price of $11.20 and a 200-day moving average price of $11.24. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The stock has a market capitalization of $5.09 billion and a P/E ratio of -62.95.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million for the quarter. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. 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 forecast that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NTSK has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. BMO Capital Markets reduced their price objective on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Citizens Jmp decreased their target price on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. TD Cowen dropped their target price on shares of Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Netskope in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Netskope has a consensus rating of “Moderate Buy” and a consensus target price of $17.21.

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.