Pathway Capital Management LP Acquires 33,213 Shares of Netskope Inc. $NTSK

Pathway Capital Management LP bought a new stake in Netskope Inc. (NASDAQ:NTSK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 33,213 shares of the company’s stock, valued at approximately $579,000. Netskope accounts for approximately 3.0% of Pathway Capital Management LP’s portfolio, making the stock its 3rd biggest holding.

Several other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in Netskope by 31.4% in the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock valued at $21,628,000 after buying an additional 608,355 shares in the last quarter. Wasatch Advisors LP purchased a new stake in shares of Netskope during the second quarter worth about $25,107,000. Weiss Asset Management LP purchased a new position in shares of Netskope during the 1st quarter worth $8,957,000. New York Life Insurance Co. purchased a new stake in Netskope in the second quarter valued at approximately $11,325,580. Finally, Stephens Investment Management Group LLC boosted its holdings in Netskope by 117.5% in the first quarter. Stephens Investment Management Group LLC now owns 977,786 shares of the company’s stock valued at $8,301,000 after acquiring an additional 528,164 shares during the last quarter.

Netskope Stock Performance

Shares of NTSK opened at $24.30 on Monday. Netskope Inc. has a 52-week low of $7.66 and a 52-week high of $26.71. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 4.45. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of -9.53 and a beta of 2.41. The business’s 50 day moving average is $18.35 and its two-hundred day moving average is $13.24.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, topping 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 company had revenue of $220.54 million during 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 forecast that Netskope Inc. will post -0.82 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on NTSK. Royal Bank Of Canada lifted their target price on shares of Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Morgan Stanley raised their price objective on Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on Netskope in a research note on Monday, August 17th. Zacks Research raised Netskope from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Finally, JPMorgan Chase & Co. increased their target price on Netskope from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.19.

Insider Buying and Selling

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock in a transaction on Friday, September 11th. The stock was sold at an average price of $14.90, for a total transaction of $158,252.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 25.52% of the stock is currently owned by corporate insiders.

Netskope Profile

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.