OFI Invest Asset Management Makes New Investment in Netskope Inc. $NTSK

Key Points

• OFI Invest Asset Management bought a new stake of 905,846 shares in Netskope valued at about $15.89 million, representing roughly 0.23% ownership, while several other large institutional investors (including MFS and Principal) also opened positions.
• Netskope beat EPS estimates for the quarter (reported -$0.04 vs. consensus -$0.06) with revenue of $196.33M (up 32.2% year-over-year), but it issued negative Q1 and FY2027 EPS guidance.
• Multiple analysts cut price targets (examples: JPMorgan $23→$19, Morgan Stanley $27→$18), though the consensus rating remains a Moderate Buy with a $18.89 price target.

OFI Invest Asset Management bought a new stake in Netskope Inc. (NASDAQ:NTSK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 905,846 shares of the company's stock, valued at approximately $15,889,000. OFI Invest Asset Management owned 0.23% of Netskope at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NTSK. Chicago Capital LLC acquired a new position in shares of Netskope in the 3rd quarter valued at about $2,056,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Netskope in the 3rd quarter valued at about $72,463,000. Federated Hermes Inc. acquired a new position in shares of Netskope in the 3rd quarter valued at about $18,184,000. New York State Common Retirement Fund acquired a new position in shares of Netskope in the 3rd quarter valued at about $943,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Netskope in the 3rd quarter valued at about $27,239,000.

Insider Transactions at Netskope

In other Netskope news, CRO Raphael Bousquet sold 3,823 shares of the company's stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $16.66, for a total transaction of $63,691.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Netskope Stock Down 1.7%

Shares of Netskope stock opened at $9.36 on Thursday. The company has a market capitalization of $3.68 billion and a PE ratio of -66.86. The company has a quick ratio of 2.32, a current ratio of 2.13 and a debt-to-equity ratio of 3.71. The stock's 50 day moving average is $10.69. Netskope Inc. has a 12-month low of $7.66 and a 12-month 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. Netskope's revenue 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.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Netskope from $23.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, March 12th. Mizuho dropped their price objective on Netskope from $20.00 to $16.00 and set an "outperform" rating on the stock in a report on Thursday, March 12th. Morgan Stanley dropped their price objective on Netskope from $27.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, March 12th. Robert W. Baird dropped their price objective on Netskope from $27.00 to $20.00 and set an "outperform" rating on the stock in a report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Netskope from $22.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.89.

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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