325,000 Shares in Netskope Inc. $NTSK Bought by Altimeter Capital Management LP

Key Points

• Altimeter Capital Management LP bought a new position of 325,000 shares of Netskope (about $7.39M), representing roughly 0.09–0.1% of the fund and its 22nd-largest holding.
• Netskope beat Q4 EPS estimates (‑$0.04 vs. ‑$0.06) with revenue up 32.2% to $196.33M, but issued wide FY‑2027 EPS guidance (‑$0.19 to $0.19) and cautious Q1 guidance, prompting analyst price‑target cuts and a consensus "Moderate Buy" target of $18.89.
• Insiders sold about 1,049,721 shares (~$18.0M) over the last quarter, and a shareholder investigation has been announced, creating additional near‑term legal and sentiment risk.

Altimeter Capital Management LP purchased a new position in shares of Netskope Inc. (NASDAQ:NTSK - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 325,000 shares of the company's stock, valued at approximately $7,387,000. Netskope accounts for about 0.1% of Altimeter Capital Management LP's portfolio, making the stock its 22nd biggest holding. Altimeter Capital Management LP owned about 0.09% of Netskope at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in shares of Netskope in the third quarter worth about $83,000. RiverPark Advisors LLC purchased a new stake in Netskope in the third quarter valued at approximately $87,000. SBI Securities Co. Ltd. acquired a new position in Netskope in the 3rd quarter worth approximately $89,000. Ameriflex Group Inc. acquired a new position in Netskope in the 3rd quarter worth approximately $127,000. Finally, Virtu Financial LLC purchased a new position in Netskope during the 3rd quarter worth approximately $218,000.

Analysts Set New Price Targets

Several analysts have commented on NTSK shares. Wells Fargo & Company started coverage on shares of Netskope in a research note on Tuesday, March 3rd. They set an "overweight" rating and a $13.00 price objective for the company. TD Cowen reduced their target price on shares of Netskope from $30.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, February 24th. JPMorgan Chase & Co. decreased their target price on shares of Netskope from $23.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday. KeyCorp lowered their price target on shares of Netskope from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Netskope in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.89.

Insider Buying and Selling at Netskope

In other Netskope news, CEO Sanjay Beri sold 346,061 shares of the company's stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $16.91, for a total value of $5,851,891.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matto Andrew H. Del sold 77,207 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $16.92, for a total transaction of $1,306,342.44. Following the sale, the chief financial officer directly owned 41,493 shares in the company, valued at approximately $702,061.56. The trade was a 65.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,049,721 shares of company stock valued at $18,020,279.

Trending Headlines about Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Q4 beat and revenue growth — Netskope reported a slight EPS beat and revenue up ~32% year‑over‑year; management set a fiscal‑2027 revenue target of $870M–$876M and emphasized its AI‑native platform as a growth driver. This supports the company’s long‑term TAM story. Earnings Transcript Revenue Target Article
• Neutral Sentiment: New product: Netskope unveiled "Netskope One AI Security" positioning the company as an AI‑security platform — a potential multi‑year revenue tailwind, but market reaction has been mixed as investors parse near‑term financials. Product Launch
• Negative Sentiment: Cautious FY‑2027 guidance and wide EPS range — Management issued guidance with a wide FY EPS range and Q1 EPS that indicate near‑term margin/visibility pressure; the market interpreted that as a downgrade to near‑term profitability expectations, triggering the sharp post‑earnings selloff. Guidance Coverage
• Negative Sentiment: Analyst price‑target cuts — Multiple firms trimmed targets (examples: Deutsche Bank to $16, RBC to $14, BMO to $14, others lowered various PTs) even where ratings were maintained; this consensus of lower targets increases short‑term selling pressure. Deutsche Bank Note
• Negative Sentiment: Lockup expiry and analyst skepticism — Reports note a lockup expiration and some analysts calling Q4 softer than expected, which can add share supply and sentiment headwinds in the near term. Lockup/Analyst Coverage
• Negative Sentiment: Shareholder investigation — A law firm announced an inquiry into potential securities claims involving Netskope executives; this raises legal/dispersion risk and can weigh on sentiment until resolved. Investigation Notice

Netskope Price Performance

Shares of NASDAQ NTSK opened at $9.74 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17. The firm has a market cap of $3.83 billion and a PE ratio of -97.40. The stock's 50 day moving average price is $13.20. Netskope Inc. has a 12 month low of $8.81 and a 12 month high of $27.99.

Netskope (NASDAQ:NTSK - Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $196.33 million during the quarter. The firm's revenue was up 32.2% compared to the same quarter last year. Netskope has set its Q1 2027 guidance at -0.070--0.060 EPS and its FY 2027 guidance at -0.190--0.190 EPS.

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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