1,035,245 Shares in Netskope Inc. $NTSK Purchased by New York Life Insurance Co.

New York Life Insurance Co. acquired a new stake in shares of Netskope Inc. (NASDAQ:NTSK - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,035,245 shares of the company's stock, valued at approximately $11,325,580. Netskope accounts for about 0.0% of New York Life Insurance Co.'s investment portfolio, making the stock its 3rd biggest holding. New York Life Insurance Co. owned approximately 0.26% of Netskope at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NTSK. Farther Finance Advisors LLC bought a new position in Netskope during the 4th quarter worth about $25,000. Quarry LP acquired a new position in shares of Netskope in the third quarter valued at approximately $41,000. Triumph Capital Management lifted its holdings in shares of Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company's stock valued at $42,000 after purchasing an additional 1,900 shares in the last quarter. Wells Fargo & Company MN increased its position in Netskope by 261.7% during 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 acquired a new stake in shares of Netskope during the 4th quarter valued at approximately $64,000.

Netskope Price Performance

Shares of NTSK stock traded down $0.26 during midday trading on Friday, reaching $14.86. 2,052,252 shares of the company were exchanged, compared to its average volume of 4,597,060. The company's 50 day moving average price is $12.85 and its two-hundred day moving average price is $11.20. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $27.99. The company has a market cap of $6.00 billion and a P/E ratio of -74.30. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17.

Netskope (NASDAQ:NTSK - Get Free Report) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. The company's revenue for the quarter 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. On average, sell-side analysts expect that Netskope Inc. will post -0.88 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the 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 completion of the sale, the insider directly owned 336,173 shares in the company, valued at approximately $3,089,429.87. This represents a 79.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arif Janmohamed sold 1,313,827 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.19, for a total value of $12,074,070.13. Following the completion of the sale, the director owned 336,173 shares of the company's stock, valued at $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders purchased 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 corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NTSK shares. Oppenheimer increased their target price on Netskope from $16.00 to $19.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Citizens Jmp lowered their target price on Netskope from $23.00 to $17.00 and set a "market outperform" rating on the stock in a research report on Friday, May 1st. Robert W. Baird decreased their price target on shares of Netskope from $20.00 to $16.00 and set an "outperform" rating on the stock in a report on Thursday, June 4th. Mizuho set a $16.00 price target on shares of Netskope in a research note on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft set a $17.00 target price on shares of Netskope in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Netskope currently has an average rating of "Moderate Buy" and an average price target of $17.71.

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.

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