Penn Capital Management Company LLC Purchases New Holdings in Netskope Inc. $NTSK

Key Points

• Penn Capital Management bought 925,535 Netskope shares in the third quarter, valued at about $16.16 million and representing 0.23% of the company.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $19.82; ratings include two Strong Buys, 15 Buys, two Holds and one Sell.
• Netskope reported quarterly EPS of -$0.03, beating the -$0.26 consensus estimate, on revenue of $220.54 million. Shares opened at $22.49, up 5.6% according to the article.

Penn Capital Management Company LLC purchased a new position in Netskope Inc. (NASDAQ:NTSK - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 925,535 shares of the company's stock, valued at approximately $16,158,000. Penn Capital Management Company LLC owned 0.23% of Netskope as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NTSK. Parallel Advisors LLC acquired a new stake in shares of Netskope in the third quarter worth $33,000. Operose Advisors LLC bought a new position in Netskope during the second quarter worth $56,000. Assetmark Inc. raised its stake in Netskope by 57.6% during the 1st quarter. Assetmark Inc. now owns 9,264 shares of the company's stock valued at $79,000 after purchasing an additional 3,385 shares during the last quarter. Gryphon Financial Partners LLC acquired a new position in Netskope during the 1st quarter valued at $88,000. Finally, SummitTX Capital L.P. bought a new stake in Netskope in the 1st quarter valued at $88,000.

Wall Street Analyst Weigh In

Several research firms have issued reports on NTSK. Piper Sandler raised their price target on shares of Netskope from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. TD Cowen restated a "buy" rating and set a $19.00 price objective on shares of Netskope in a report on Monday, August 17th. KeyCorp upped their price objective on shares of Netskope from $16.00 to $17.50 and gave the company an "overweight" rating in a research report on Friday, August 21st. Mizuho set a $16.00 target price on shares of Netskope in a research note on Wednesday, August 19th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Netskope in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Netskope presently has an average rating of "Moderate Buy" and a consensus price target of $19.82.

Insider Transactions at Netskope

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 25.52% of the stock is owned by company insiders.

Netskope Stock Up 5.6%

NTSK opened at $22.49 on Tuesday. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $26.71. The stock's 50 day simple moving average is $19.27 and its 200-day simple moving average is $13.44.

Netskope (NASDAQ:NTSK - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.23. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%. The firm had revenue of $220.54 million during the quarter. Netskope has set its FY 2027 guidance at -0.150--0.150 EPS and its Q3 2027 guidance at -0.040--0.030 EPS. On average, analysts expect that Netskope Inc. will post -0.82 earnings per share for the current fiscal year.

Netskope Company Profile

Netskope, Inc provides cybersecurity and networking services that help organizations protect users, data and applications across cloud, web and private-network environments. Its offerings are designed to support distributed workforces and the use of cloud services while applying consistent security policies.

The company's Netskope One platform brings together security and networking capabilities, including secure web access, cloud application security, data loss prevention, threat protection and zero-trust network access.

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