Janus Henderson Group PLC Invests $281,000 in Netskope Inc. $NTSK

Janus Henderson Group PLC acquired a new stake in Netskope Inc. (NASDAQ:NTSK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 33,128 shares of the company’s stock, valued at approximately $281,000.

Other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System bought a new stake in Netskope during the first quarter worth approximately $506,000. SummitTX Capital L.P. acquired a new position in shares of Netskope during the 1st quarter valued at $88,000. Weiss Asset Management LP acquired a new position in shares of Netskope during the 1st quarter valued at $8,957,000. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Netskope in the first quarter valued at $134,000. Finally, Granahan Investment Management LLC lifted its holdings in Netskope by 81.6% in the 1st quarter. Granahan Investment Management LLC now owns 367,578 shares of the company’s stock valued at $3,121,000 after acquiring an additional 165,117 shares during the last quarter.

Wall Street Analyst Weigh In

NTSK has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Rosenblatt Securities assumed coverage on shares of Netskope in a research report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 target price for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. BTIG Research dropped their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Finally, Oppenheimer cut their price objective on Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Netskope currently has an average rating of “Moderate Buy” and a consensus price target of $17.21.

Insider Buying and Selling

In related news, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $12.23, for a total value of $2,679,287.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William J.G. Griffith bought 64,771 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were bought at an average cost of $12.42 per share, with a total value of $804,455.82. Following the transaction, the director directly owned 916,690 shares of the company’s stock, valued at approximately $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over 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. Insiders own 25.52% of the company’s stock.

Netskope Stock Performance

Shares of NTSK opened at $15.39 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 12 month low of $7.66 and a 12 month high of $27.99. The company’s fifty day moving average is $11.54 and its 200-day moving average is $11.16. The firm has a market cap of $6.22 billion and a price-to-earnings ratio of -76.95.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. Netskope’s revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Equities analysts expect that Netskope Inc. will post -0.88 EPS for the current fiscal 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.