Arrowstreet Capital Limited Partnership Invests $807,000 in Netskope Inc. $NTSK

Key Points

• Arrowstreet Capital acquired a new Netskope stake of 95,049 shares valued at approximately $807,000 during the first quarter. Several other institutional investors also increased or initiated positions.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $17.21, despite several firms recently lowering their targets.
• Netskope reported quarterly revenue of $201.59 million, up 27.8% year over year, and narrowed its loss to $0.06 per share versus expectations of $0.07. The stock opened at $13.48, while recent insider activity included substantial buying and selling.

Arrowstreet Capital Limited Partnership acquired a new stake in Netskope Inc. (NASDAQ:NTSK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 95,049 shares of the company's stock, valued at approximately $807,000.

A number of other institutional investors also recently modified their holdings of NTSK. Farther Finance Advisors LLC acquired a new stake in Netskope in the fourth quarter valued at approximately $25,000. Quarry LP acquired a new position in shares of Netskope during the third quarter worth approximately $41,000. Triumph Capital Management lifted its holdings in shares of 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 grew its position in Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company's stock valued at $63,000 after purchasing an additional 2,617 shares during the period. Finally, Leonteq Securities AG bought a new stake in Netskope during the 4th quarter valued at $64,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. KeyCorp raised their price target on shares of Netskope from $14.00 to $16.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Mizuho cut their target price on Netskope from $15.00 to $13.00 and set an "outperform" rating on the stock in a research note on Thursday, June 4th. Morgan Stanley reduced their target price on Netskope from $18.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, June 4th. BTIG Research dropped their price target on Netskope from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, June 4th. Finally, Wells Fargo & Company dropped their price objective on Netskope from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Netskope presently has a consensus rating of "Moderate Buy" and an average target price of $17.21.

Insider Buying and Selling

In other Netskope news, Director William J.G. Griffith bought 64,771 shares of the business's stock in a transaction that occurred on Monday, July 13th. The shares were bought at an average cost of $12.42 per share, with a total value of $804,455.82. Following the completion of the purchase, the director directly owned 916,690 shares of the company's stock, valued at $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Arif Janmohamed sold 336,173 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. The SEC filing for this sale provides additional information. In the last three months, insiders bought 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 currently owned by company insiders.

Netskope Trading Down 4.3%

Shares of Netskope stock opened at $13.48 on Friday. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99. The firm has a market cap of $5.44 billion and a PE ratio of -67.40. The company has a 50 day simple moving average of $11.36 and a two-hundred day simple moving average of $11.15.

Netskope (NASDAQ:NTSK - Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share 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 business's revenue was up 27.8% compared to the same quarter last year. 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 expect that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

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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