50,000 Shares in Netskope Inc. $NTSK Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc acquired a new stake in shares of Netskope Inc. (NASDAQ:NTSK) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 50,000 shares of the company’s stock, valued at approximately $424,000.

A number of other large investors have also added to or reduced their stakes in NTSK. Farther Finance Advisors LLC purchased a new stake in shares of Netskope in the fourth quarter worth $25,000. Quarry LP purchased a new position in shares of Netskope in the 3rd quarter worth about $41,000. Triumph Capital Management boosted its stake in Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after purchasing an additional 1,900 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Netskope during the 4th quarter valued at about $64,000.

Analysts Set New Price Targets

A number of analysts have weighed in on NTSK shares. Rosenblatt Securities started coverage on shares of Netskope in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 price objective for the company. Oppenheimer dropped their target price on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. JPMorgan Chase & Co. reduced their price target on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. Citizens Jmp decreased their price objective 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. Finally, BMO Capital Markets lowered their price objective on Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Netskope Price Performance

NTSK opened at $11.71 on Monday. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. The stock has a market capitalization of $4.73 billion and a P/E ratio of -58.55. The company’s 50-day simple moving average is $10.51 and its two-hundred day simple moving average is $11.98. Netskope Inc. has a 52-week low of $7.66 and a 52-week high of $27.99.

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 company had revenue of $201.59 million for the quarter. The company’s quarterly 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. As a group, analysts predict that Netskope Inc. will post -0.88 EPS for the current year.

Insider Activity at Netskope

In other Netskope news, Director Arif Janmohamed sold 336,173 shares of Netskope stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Lightspeed Venture Partners Se sold 336,173 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $9.00, for a total transaction of $3,025,557.00. The SEC filing for this sale provides additional information. Insiders sold 3,300,000 shares of company stock worth $30,199,254 in the last 90 days. 25.52% of the stock is currently owned by corporate insiders.

Netskope 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.