Abound Wealth Management Takes Position in Netskope Inc. $NTSK

Abound Wealth Management bought a new position in Netskope Inc. (NASDAQ:NTSK) in the second quarter, HoldingsChannel reports. The firm bought 45,306 shares of the company’s stock, valued at approximately $496,000.

Other large investors have also recently modified their holdings of the company. Scge Management L.P. purchased a new stake in Netskope during the 3rd quarter valued at $312,104,000. Vanguard Group Inc. lifted its position in Netskope by 51.5% in the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock worth $93,536,000 after buying an additional 1,812,857 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Netskope by 11.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock worth $62,469,000 after buying an additional 373,529 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Netskope by 14.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock worth $62,383,000 after buying an additional 456,321 shares during the period. Finally, Public Sector Pension Investment Board bought a new position in Netskope during the fourth quarter valued at $60,882,000.

Netskope Stock Down 1.8%

NASDAQ:NTSK opened at $15.39 on Wednesday. Netskope Inc. has a 1-year low of $7.66 and a 1-year high of $27.99. The company has a 50-day moving average of $11.54 and a 200 day moving average of $11.16. The firm has a market cap of $6.22 billion and a PE ratio of -76.95. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million for the quarter. The company’s 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. As a group, research analysts anticipate that Netskope Inc. will post -0.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BTIG Research reduced their target price on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. TD Cowen cut their price target on shares of Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. KeyCorp increased their price objective on shares of Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Royal Bank Of Canada set a $18.00 price objective on shares of Netskope in a research note on Thursday, June 4th. Finally, Morgan Stanley dropped their target price on Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.21.

Insider Buying and Selling at Netskope

In other news, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $12.23, for a total transaction of $2,679,287.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William J.G. Griffith acquired 64,771 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the acquisition, the director owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. Company insiders own 25.52% of the company’s stock.

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.