NTSK: Base Like CRWV
$Netskope, Inc.(NTSK)$ (ADR 5.1%) – IPO U-Base, reminiscent of $CoreWeave, Inc.(CRWV)$
6 weeks ago, NTSK IPO raised over $900M, giving it a current market cap of around $8B, with more than 85% of shares still insider-owned.
The price action remains somewhat loose (about 1x ATR per day), but volatility has tightened by roughly 30% since IPO.
A base structure appears to have established, resembling the IPO U-base patterns with contracting volatility seen in CRWV (this May) and $XPeng Inc.(XPEV)$ back in 2020.
NTSK Earnings & Sales Data From IPO Prospectus :
EPS YoY (TTM): +19%
Sales YoY (TTM): +31%
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