Centiva Capital LP Makes New Investment in Netskope Inc. $NTSK

Key Points

• Centiva Capital LP bought 119,082 shares (~$2.71M) of Netskope in Q3, and several other institutions (Bamco, AllianceBernstein, Altimeter, Ameriprise, Boothbay) also initiated sizable stakes, indicating notable institutional interest.
• Netskope posted a slight EPS beat with revenue of $196.33M, revenue up ~32% YoY and a fiscal‑2027 revenue target of $870M–$876M, but management’s wide FY‑2027 EPS guidance and cautious Q1 outlook triggered a sell‑off and prompted analyst price‑target cuts.
• Insiders have sold large blocks of stock (including CFO and CEO dispositions) and a shareholder investigation was announced, creating potential legal and sentiment headwinds.

Centiva Capital LP purchased a new position in shares of Netskope Inc. (NASDAQ:NTSK - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 119,082 shares of the company's stock, valued at approximately $2,707,000.

A number of other hedge funds have also made changes to their positions in NTSK. Bamco Inc. NY bought a new position in shares of Netskope in the 3rd quarter valued at approximately $52,888,000. Boothbay Fund Management LLC acquired a new stake in Netskope in the 3rd quarter worth approximately $6,335,000. Altimeter Capital Management LP bought a new stake in Netskope during the third quarter worth approximately $7,387,000. Alliancebernstein L.P. acquired a new position in Netskope during the third quarter valued at approximately $19,776,000. Finally, Ameriprise Financial Inc. acquired a new position in Netskope during the third quarter valued at approximately $8,810,000.

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 Trading Up 2.0%

NTSK opened at $9.74 on Friday. The company has a 50 day simple moving average of $13.20. The company has a market capitalization of $3.83 billion and a PE ratio of -97.40. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17. Netskope Inc. has a 1-year low of $8.81 and a 1-year high of $27.99.

Netskope (NASDAQ:NTSK - Get Free Report) last announced its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The company had revenue of $196.33 million for the quarter. The business's revenue for the quarter was up 32.2% on a year-over-year basis. Netskope has set its Q1 2027 guidance at -0.070--0.060 EPS and its FY 2027 guidance at -0.190--0.190 EPS.

Insiders Place Their Bets

In related news, CFO Matto Andrew H. Del sold 49,875 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $17.16, for a total value of $855,855.00. Following the completion of the sale, the chief financial officer owned 41,493 shares in the company, valued at approximately $712,019.88. This trade represents a 54.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Beri sold 31,594 shares of Netskope stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $17.58, for a total value of $555,422.52. The SEC filing for this sale provides additional information. Insiders have sold 1,049,721 shares of company stock worth $18,020,279 in the last ninety days.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NTSK shares. TD Cowen reduced their price objective on shares of Netskope from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, February 24th. Piper Sandler lowered their target price on shares of Netskope from $28.00 to $21.00 and set an "overweight" rating on the stock in a research note on Thursday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Netskope in a report on Monday, December 29th. Oppenheimer reissued an "outperform" rating and set a $19.00 target price (down from $23.00) on shares of Netskope in a research report on Thursday. Finally, William Blair set a $21.00 price target on Netskope in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Netskope has a consensus rating of "Moderate Buy" and an average target price of $18.89.

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.

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