Stephens Investment Management Group LLC Acquires Shares of 449,622 Netskope Inc. $NTSK

Stephens Investment Management Group LLC bought a new stake in Netskope Inc. (NASDAQ:NTSK) in the 4th quarter, Holdings Channel.com reports. The fund bought 449,622 shares of the company’s stock, valued at approximately $7,886,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTSK. Farther Finance Advisors LLC acquired a new stake in shares of Netskope during the 4th quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Netskope in the 3rd quarter valued at $41,000. Assetmark Inc. bought a new position in shares of Netskope in the 3rd quarter worth $83,000. RiverPark Advisors LLC bought a new position in shares of Netskope in the 3rd quarter worth $87,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Netskope during the third quarter worth $89,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank Of Canada cut their target price on Netskope from $19.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Netskope in a report on Friday, March 27th. William Blair set a $21.00 price target on Netskope in a report on Thursday, March 12th. Mizuho decreased 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, March 12th. Finally, Wells Fargo & Company began coverage on shares of Netskope in a report on Tuesday, March 3rd. They set an “overweight” rating and a $13.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.26.

Netskope Stock Performance

NASDAQ:NTSK opened at $11.22 on Monday. The company has a market cap of $4.49 billion and a P/E ratio of -80.14. Netskope Inc. has a twelve month low of $7.66 and a twelve month high of $27.99. The business has a 50 day moving average price of $9.87 and a two-hundred day moving average price of $14.46. The company has a quick ratio of 2.12, a current ratio of 2.13 and a debt-to-equity ratio of 3.71.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $196.33 million during the quarter. The business’s revenue for the quarter 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. As a group, analysts expect that Netskope Inc. will post -0.19 EPS for the current fiscal year.

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.