Capital Research Global Investors Grows Stock Position in Netskope Inc. $NTSK

Capital Research Global Investors increased its stake in Netskope Inc. (NASDAQ:NTSK) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,261,418 shares of the company’s stock after buying an additional 161,418 shares during the quarter. Capital Research Global Investors’ holdings in Netskope were worth $39,665,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NTSK. Farther Finance Advisors LLC bought a new stake in Netskope in the fourth quarter worth $25,000. Quarry LP bought a new stake in Netskope in the third quarter worth $41,000. Leonteq Securities AG bought a new stake in Netskope in the fourth quarter worth $64,000. Dara Capital US Inc. bought a new stake in Netskope in the fourth quarter worth $72,000. Finally, Assetmark Inc. bought a new stake in Netskope in the third quarter worth $83,000.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective 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. William Blair set a $21.00 price objective on shares of Netskope in a research note on Thursday, March 12th. Oppenheimer decreased their price objective on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Wells Fargo & Company decreased their price objective on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Finally, Piper Sandler decreased their price objective 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. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.16.

Netskope Stock Performance

Shares of NASDAQ:NTSK opened at $9.00 on Wednesday. The firm has a market cap of $3.60 billion and a PE ratio of -64.29. The firm’s 50 day simple moving average is $10.33 and its 200-day simple moving average is $13.23. Netskope Inc. has a one year low of $7.66 and a one year high of $27.99. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. The business’s revenue for the quarter 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. As a group, equities analysts predict that Netskope Inc. will post -0.18 EPS for the current 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.