Knollwood Investment Advisory LLC Invests $1.98 Million in Netskope Inc. $NTSK

Knollwood Investment Advisory LLC purchased a new stake in Netskope Inc. (NASDAQ:NTSK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 86,960 shares of the company’s stock, valued at approximately $1,977,000.

A number of other hedge funds have also added to or reduced their stakes in NTSK. Assetmark Inc. acquired a new position in Netskope during the 3rd quarter valued at about $83,000. RiverPark Advisors LLC purchased a new stake in shares of Netskope in the third quarter worth approximately $87,000. SBI Securities Co. Ltd. bought a new position in shares of Netskope in the third quarter valued at approximately $89,000. Ameriflex Group Inc. bought a new position in shares of Netskope in the third quarter valued at approximately $127,000. Finally, Virtu Financial LLC purchased a new position in shares of Netskope during the third quarter valued at approximately $218,000.

Netskope Trading Down 0.8%

Shares of NTSK opened at $9.66 on Tuesday. The firm’s 50 day simple moving average is $13.05. The stock has a market capitalization of $3.80 billion and a P/E ratio of -96.60. Netskope Inc. has a 12 month low of $8.81 and a 12 month high of $27.99. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $196.33 million during the quarter. The business’s revenue was up 32.2% on a year-over-year basis. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS.

Insider Buying and Selling

In related news, CFO Matto Andrew H. Del sold 77,207 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $16.92, for a total transaction of $1,306,342.44. Following the completion of the sale, the chief financial officer owned 41,493 shares in the company, valued at approximately $702,061.56. This trade represents a 65.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Raphael Bousquet sold 3,823 shares of Netskope stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $16.66, for a total transaction of $63,691.18. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,049,721 shares of company stock valued at $18,020,279.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NTSK shares. Robert W. Baird lowered their price target on Netskope from $27.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. FBN Securities began coverage on shares of Netskope in a report on Wednesday, February 25th. They set an “outperform” rating and a $15.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Netskope in a report on Monday, December 29th. Finally, William Blair set a $21.00 price target on shares of Netskope in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.89.

Netskope 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.