Netskope Inc. $NTSK Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in shares of Netskope Inc. (NASDAQ:NTSK) by 31.4% during the first quarter, Holdings Channel reports. The firm owned 2,547,468 shares of the company’s stock after acquiring an additional 608,355 shares during the quarter. Principal Financial Group Inc.’s holdings in Netskope were worth $21,628,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. acquired a new position in Netskope during the 3rd quarter worth about $249,000. Legal & General Group Plc acquired a new stake in shares of Netskope during the third quarter worth about $1,677,000. Franklin Resources Inc. purchased a new position in shares of Netskope in the third quarter valued at approximately $17,460,000. Invesco Ltd. acquired a new position in shares of Netskope in the third quarter valued at approximately $10,327,000. Finally, Squarepoint Ops LLC purchased a new stake in Netskope during the 3rd quarter worth approximately $14,774,000.

Insider Transactions at Netskope

In other news, Director William J.G. Griffith bought 610,291 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were acquired at an average price of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the transaction, the director owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13. Following the completion of the sale, the insider directly owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders purchased 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is currently owned by insiders.

Netskope Stock Performance

Shares of Netskope stock opened at $13.33 on Wednesday. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99. The firm’s 50 day moving average is $11.11 and its two-hundred day moving average is $11.49. The firm has a market capitalization of $5.38 billion and a P/E ratio of -66.65.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. The firm’s revenue was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Research analysts forecast that Netskope Inc. will post -0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NTSK has been the topic of a number of recent research reports. Royal Bank Of Canada set a $18.00 price objective on Netskope in a research report on Thursday, June 4th. KeyCorp upped their price target on Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. TD Cowen decreased their price objective on Netskope from $25.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netskope in a report on Wednesday, July 8th. Finally, Mizuho decreased their price target on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.21.

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.