Polar Asset Management Partners Inc. Invests $2.81 Million in Netskope Inc. $NTSK

Polar Asset Management Partners Inc. purchased a new stake in Netskope Inc. (NASDAQ:NTSK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 123,800 shares of the company’s stock, valued at approximately $2,814,000.

A number of other large investors have also added to or reduced their stakes in the stock. Chicago Capital LLC bought a new position in Netskope during the 3rd quarter worth $2,056,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Netskope during the 3rd quarter valued at $72,463,000. Federated Hermes Inc. acquired a new stake in shares of Netskope during the 3rd quarter worth $18,184,000. New York State Common Retirement Fund acquired a new stake in shares of Netskope during the 3rd quarter worth $943,000. Finally, Principal Financial Group Inc. bought a new position in shares of Netskope in the third quarter worth $27,239,000.

Netskope Stock Up 0.2%

NASDAQ:NTSK opened at $9.49 on Friday. Netskope Inc. has a twelve month low of $8.81 and a twelve 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. The company has a 50-day simple moving average of $12.58. The firm has a market capitalization of $3.73 billion and a price-to-earnings ratio of -67.79.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, March 11th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $196.33 million for the quarter. Netskope’s quarterly 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, CRO Raphael Bousquet sold 3,823 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $16.66, for a total transaction of $63,691.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Beri sold 346,061 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $16.91, for a total transaction of $5,851,891.51. The SEC filing for this sale provides additional information. Insiders sold a total of 1,049,721 shares of company stock worth $18,020,279 in the last three months.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NTSK. Wells Fargo & Company began coverage on Netskope in a research note on Tuesday, March 3rd. They issued an “overweight” rating and a $13.00 price target for the company. Mizuho decreased their target price on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Citizens Jmp dropped their target price on shares of Netskope from $27.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, March 12th. JPMorgan Chase & Co. cut their price target on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Finally, Oppenheimer reiterated an “outperform” rating and set a $19.00 price target (down from $23.00) on shares of Netskope in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.89.

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.