Wellington Management Group LLP Purchases Shares of 185,248 Netskope Inc. $NTSK

Key Points

• Wellington Management initiated a Netskope position by purchasing 185,248 shares valued at approximately $2.03 million. Several other institutional investors also increased or opened stakes in the cybersecurity company.
• Analysts remain broadly positive, with 16 Buy, three Hold and one Sell rating. The stock carries a “Moderate Buy” consensus and a $19.03 average price target, above its reported $15.10 share price.
• Netskope exceeded quarterly earnings expectations, reporting a loss of $0.03 per share versus the consensus loss estimate of $0.26, alongside $220.54 million in revenue. However, the company remains unprofitable, with a negative 91.84% net margin and 2026-year earnings expectations still negative.

Wellington Management Group LLP purchased a new position in shares of Netskope Inc. (NASDAQ:NTSK - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 185,248 shares of the company's stock, valued at approximately $2,027,000.

Other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Netskope during the 3rd quarter worth about $41,000. Triumph Capital Management increased its stake in Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company's stock valued at $42,000 after purchasing an additional 1,900 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Netskope by 261.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company's stock worth $63,000 after purchasing an additional 2,617 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Netskope in the 4th quarter valued at $64,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Netskope in the 4th quarter valued at $64,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BMO Capital Markets lifted their target price on shares of Netskope from $13.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. Piper Sandler raised their price objective 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. Wells Fargo & Company lifted their price objective on shares of Netskope from $13.00 to $17.00 and gave the company an "overweight" rating in a research note on Monday, August 17th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Netskope in a research note on Wednesday, July 8th. Finally, TD Cowen reissued a "buy" rating and set a $19.00 price target on shares of Netskope in a report on Monday, August 17th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.03.

Netskope Stock Performance

Shares of NTSK opened at $15.10 on Friday. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. The stock has a market capitalization of $6.10 billion and a P/E ratio of -5.92. The company's fifty day moving average is $13.70 and its two-hundred day moving average is $11.39. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99.

Netskope (NASDAQ:NTSK - Get Free Report) last released 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 net margin of 91.84% and a negative return on equity of 83.84%. The company 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, sell-side analysts predict that Netskope Inc. will post -0.82 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $12.23, for a total transaction of $2,679,287.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J.G. Griffith purchased 64,771 shares of Netskope stock in a transaction dated Monday, July 13th. The stock was acquired at an average cost of $12.42 per share, with a total value of $804,455.82. Following the completion of the acquisition, the director directly owned 916,690 shares in the company, valued at approximately $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 1,833,380 shares of company stock worth $21,960,909 and sold 902,042 shares worth $8,854,667. 25.52% of the stock is owned by corporate insiders.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides a cloud-native platform designed to help organizations secure data, users, devices, applications and networks. Its offerings address security needs arising from cloud computing, remote work and the use of software-as-a-service applications.

The company's platform includes security service edge (SSE) and secure access service edge (SASE) capabilities, such as cloud access security broker (CASB) services, secure web gateways, zero-trust network access, data loss prevention, cloud firewall functionality and security analytics.

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