Netskope Inc. $NTSK Shares Acquired by Next Century Growth Investors LLC

Next Century Growth Investors LLC increased its stake in Netskope Inc. (NASDAQ:NTSK) by 87.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 578,365 shares of the company’s stock after acquiring an additional 269,283 shares during the quarter. Next Century Growth Investors LLC owned approximately 0.15% of Netskope worth $10,145,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NTSK. Envestnet Asset Management Inc. acquired a new position in shares of Netskope in the 3rd quarter worth $249,000. Assetmark Inc. acquired a new position in shares of Netskope in the 3rd quarter worth $83,000. TimesSquare Capital Management LLC acquired a new position in shares of Netskope in the 3rd quarter worth $61,833,000. Vanguard Group Inc. acquired a new position in shares of Netskope in the 3rd quarter worth $80,006,000. Finally, Readystate Asset Management LP acquired a new position in shares of Netskope in the 3rd quarter worth $341,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NTSK. Deutsche Bank Aktiengesellschaft decreased their target price on Netskope from $22.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Citizens Jmp decreased their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. William Blair set a $21.00 target price on Netskope in a report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Netskope in a report on Friday, March 27th. Finally, FBN Securities started coverage on Netskope in a report on Wednesday, February 25th. They set an “outperform” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.16.

Netskope Price Performance

NTSK opened at $9.04 on Friday. The stock has a market cap of $3.65 billion and a price-to-earnings ratio of -45.20. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The stock has a fifty day moving average price of $10.36 and a 200 day moving average price of $13.06.

Netskope (NASDAQ:NTSK) last released its quarterly earnings data 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 firm had revenue of $201.59 million for the quarter. The firm’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. Analysts forecast that Netskope Inc. will post -0.18 EPS for the current fiscal year.

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.