Hsbc Holdings PLC Acquires Shares of 40,793 Netskope Inc. $NTSK

Hsbc Holdings PLC bought a new position in shares of Netskope Inc. (NASDAQ:NTSK) during the first quarter, HoldingsChannel reports. The fund bought 40,793 shares of the company’s stock, valued at approximately $350,000.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Piper Sandler decreased their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, June 4th. TD Cowen dropped their price target on Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Rosenblatt Securities initiated coverage on Netskope in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 price objective for the company. Citizens Jmp decreased their price objective on Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. Finally, BMO Capital Markets lowered their target price on Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.21.

Netskope Trading Up 4.0%

Shares of NTSK stock opened at $12.59 on Friday. The business’s fifty day moving average price is $11.20 and its 200 day moving average price is $11.24. The firm has a market capitalization of $5.09 billion and a PE ratio of -62.95. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. Netskope Inc. has a 1-year low of $7.66 and a 1-year high of $27.99.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. Netskope’s quarterly 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. As a group, sell-side analysts forecast that Netskope Inc. will post -0.88 EPS for the current fiscal year.

Insider Activity at Netskope

In related news, Director William J.G. Griffith purchased 610,291 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was acquired at an average price of $11.82 per share, for a total transaction of $7,213,639.62. Following the acquisition, the director directly owned 610,291 shares of the company’s stock, valued at $7,213,639.62. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arif Janmohamed sold 1,313,827 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the sale, the director owned 336,173 shares of the company’s stock, valued at $3,089,429.87. This trade represents a 79.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have acquired 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is currently owned by corporate insiders.

Netskope Company Profile

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.