Chicago Capital LLC Makes New $2.06 Million Investment in Netskope Inc. $NTSK

Chicago Capital LLC purchased a new position in Netskope Inc. (NASDAQ:NTSK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 90,462 shares of the company’s stock, valued at approximately $2,056,000.

Key Headlines Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Recent fundamentals: Netskope reported a Dec. quarter beat (EPS and revenue) and ~33% YoY revenue growth in its last quarterly report, which underpins the company’s growth narrative and can be a long-term positive for the stock.
• Neutral Sentiment: Valuation/volatility pieces: Coverage assessing Netskope’s valuation after recent share-price moves is adding attention but not a clear directional catalyst; such pieces can increase trading interest and short-term volatility. Assessing Netskope (NTSK) Valuation After Recent Share Price Volatility
• Negative Sentiment: CEO insider selling: CEO Sanjay Beri has disclosed multiple sales (108,553 on 12/31, 346,061 on 1/2 and 175,707 on 1/5) totaling ~630,321 shares and roughly $10.8M, which investors often view as a negative signal about near-term insider conviction. CEO Form 4
• Negative Sentiment: CFO insider selling and ownership drop: CFO Matto Andrew H. Del sold ~149,210 shares across the same dates (~$2.56M total), reducing his direct ownership to 41,493 shares (a material percentage decline reported in filings), which can raise governance/concern flags for investors. CFO Form 4
• Negative Sentiment: Share-price technical pressure: The stock recently hit a new 52-week low, which can trigger stop-loss selling and cautious positioning by traders and some funds. Netskope Sets New 1-Year Low

Analysts Set New Price Targets

A number of research analysts recently issued reports on NTSK shares. Citizens Jmp began coverage on Netskope in a report on Monday, October 13th. They issued a “mkt outperform” rating and a $27.00 target price for the company. TD Cowen started coverage on Netskope in a research note on Monday, October 13th. They issued a “buy” rating and a $30.00 price objective for the company. Oppenheimer set a $28.00 price objective on Netskope and gave the stock an “outperform” rating in a research report on Monday, October 13th. BMO Capital Markets assumed coverage on shares of Netskope in a report on Monday, October 13th. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Netskope in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.94.

Netskope Stock Up 1.5%

NTSK stock opened at $17.15 on Tuesday. The stock’s 50 day simple moving average is $19.91. The stock has a market capitalization of $6.74 billion and a PE ratio of -171.50. Netskope Inc. has a fifty-two week low of $16.57 and a fifty-two week high of $27.99. The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Thursday, December 11th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.15. The company had revenue of $184.17 million during the quarter, compared to analysts’ expectations of $175.81 million. The company’s quarterly revenue was up 33.0% compared to the same quarter last year.

Insiders Place Their Bets

In related news, CFO Matto Andrew H. Del sold 77,207 shares of Netskope stock in a transaction on 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 sale, the chief financial officer directly owned 41,493 shares in the company, valued at $702,061.56. This trade represents a 65.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Beri sold 346,061 shares of the business’s stock in a transaction 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 779,531 shares of company stock worth $13,380,918 over the last ninety days.

Netskope Company 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.