Strs Ohio Takes $2.72 Million Position in Netskope Inc. $NTSK

Strs Ohio purchased a new position in Netskope Inc. (NASDAQ:NTSK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 155,000 shares of the company's stock, valued at approximately $2,719,000.

Other large investors also recently bought and sold shares of the company. ICONIQ Capital LLC bought a new stake in Netskope during the third quarter worth about $1,506,261,000. Scge Management L.P. bought a new position in shares of Netskope during the third quarter valued at approximately $312,104,000. Vanguard Group Inc. lifted its holdings in shares of Netskope by 51.5% during the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company's stock valued at $93,536,000 after purchasing an additional 1,812,857 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Netskope by 11.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company's stock worth $62,469,000 after purchasing an additional 373,529 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Netskope in the 3rd quarter worth approximately $61,833,000.

Analysts Set New Price Targets

NTSK has been the subject of a number of analyst reports. Rosenblatt Securities began coverage on Netskope in a research report on Tuesday, April 14th. They set a "buy" rating and a $15.00 price objective for the company. Piper Sandler cut their target price on Netskope from $28.00 to $21.00 and set an "overweight" rating on the stock in a research note on Thursday, March 12th. BMO Capital Markets reduced their price target on shares of Netskope from $26.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, March 12th. TD Cowen decreased their price objective 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. Finally, BTIG Research cut their target price on Netskope from $22.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.26.

Netskope Stock Performance

Shares of NTSK stock opened at $10.77 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 2.13 and a debt-to-equity ratio of 3.71. The company has a 50 day moving average price of $9.78 and a 200-day moving average price of $15.11. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99. The firm has a market capitalization of $4.31 billion and a PE ratio of -76.93.

Netskope (NASDAQ:NTSK - Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02. The company had revenue of $196.33 million for the quarter. The business's quarterly 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. As a group, equities research analysts expect that Netskope Inc. will post -0.19 earnings per share for the current 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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