Wellington Management Group LLP Takes Position in Netskope Inc. $NTSK

Wellington Management Group LLP acquired a new position in shares of Netskope Inc. (NASDAQ:NTSK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 185,248 shares of the company’s stock, valued at approximately $2,027,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTSK. Quarry LP purchased a new position in Netskope in the third quarter valued at about $41,000. Triumph Capital Management boosted its stake in shares of Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after acquiring an additional 2,617 shares during the period. Leonteq Securities AG acquired a new stake in shares of Netskope in the 4th quarter worth approximately $64,000. Finally, Advisors Asset Management Inc. purchased a new position in Netskope in the 4th quarter valued at approximately $64,000.

Netskope Price Performance

NTSK stock opened at $15.10 on Friday. The stock’s 50 day moving average price is $13.70 and its 200 day moving average price is $11.39. The firm has a market cap of $6.10 billion and a P/E ratio of -5.92. 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 $27.99.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share 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 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 expect that Netskope Inc. will post -0.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NTSK has been the subject of several research reports. Rosenblatt Securities lifted their price objective on Netskope from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Robert W. Baird raised their price target on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Mizuho set a $16.00 price target on Netskope in a research note on Wednesday, August 19th. BMO Capital Markets boosted their price objective on shares of Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada increased their price objective on shares of Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.03.

Insider Buying and Selling

In related news, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of Netskope stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.23, for a total transaction of $2,679,287.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William J.G. Griffith bought 64,771 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average cost of $12.42 per share, with a total value of $804,455.82. Following the purchase, the director directly owned 916,690 shares in the company, valued at $11,385,289.80. The trade was a 7.60% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 1,833,380 shares of company stock worth $21,960,909 and have sold 902,042 shares worth $8,854,667. 25.52% of the stock is owned by corporate insiders.

About Netskope

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.