Janus Henderson Group PLC Takes Position in Netskope Inc. $NTSK

Janus Henderson Group PLC purchased a new position in shares of Netskope Inc. (NASDAQ:NTSK) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 33,128 shares of the company’s stock, valued at approximately $281,000.

Other hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System bought a new position in Netskope in the first quarter valued at about $506,000. SummitTX Capital L.P. acquired a new position in Netskope in the first quarter valued at approximately $88,000. Weiss Asset Management LP bought a new position in Netskope in the first quarter valued at approximately $8,957,000. Lombard Odier Asset Management USA Corp acquired a new stake in Netskope during the 1st quarter worth $134,000. Finally, Granahan Investment Management LLC raised its position in shares of Netskope by 81.6% during 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.

Netskope Stock Down 1.8%

Shares of NTSK stock opened at $15.39 on Wednesday. The firm’s fifty day moving average price is $11.54 and its two-hundred day moving average price is $11.16. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99. The firm has a market capitalization of $6.22 billion and a P/E ratio of -76.95.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. The business’s quarterly revenue was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, equities analysts predict that Netskope Inc. will post -0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. TD Cowen reduced their price target on Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. BMO Capital Markets reduced their target price on Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Mizuho lowered their price target on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. KeyCorp lifted their price objective on shares of Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Wells Fargo & Company lowered their target price 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Netskope has an average rating of “Moderate Buy” and an average price target of $17.21.

Insider Buying and Selling

In other news, Director William J.G. Griffith bought 64,771 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the acquisition, the director owned 916,690 shares in the company, valued at approximately $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arif Janmohamed sold 336,173 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $9.00, for a total transaction of $3,025,557.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have purchased 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. Corporate insiders own 25.52% of the company’s stock.

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.