Netskope (NASDAQ:NTSK) Shares Up 7.7% – What’s Next?

Netskope Inc. (NASDAQ:NTSK) was up 7.7% during mid-day trading on Monday . The stock traded as high as $10.84 and last traded at $11.08. 805,800 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 4,626,183 shares. The stock had previously closed at $10.29.

Analyst Ratings Changes

A number of equities analysts have recently commented on NTSK shares. William Blair set a $21.00 price target on shares of Netskope in a report on Thursday, March 12th. Wells Fargo & Company lowered their target price on Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Citizens Jmp cut their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. BTIG Research reduced their price target on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Netskope currently has an average rating of “Moderate Buy” and a consensus price target of $17.11.

Netskope Price Performance

The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The business’s fifty day moving average price is $10.42 and its 200-day moving average price is $12.18. The stock has a market capitalization of $4.42 billion and a price-to-earnings ratio of -54.70.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. The firm’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, research analysts forecast that Netskope Inc. will post -0.88 EPS for the current year.

Insider Activity

In related news, Director Arif Janmohamed sold 1,313,827 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the sale, the director owned 336,173 shares in the company, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the sale, the insider directly owned 336,173 shares in the company, valued at approximately $3,089,429.87. This represents a 79.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,300,000 shares of company stock valued at $30,199,254. 25.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netskope

A number of hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its holdings in Netskope by 32.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock valued at $91,000 after purchasing an additional 1,270 shares during the period. Farther Finance Advisors LLC purchased a new stake in Netskope in the fourth quarter worth $25,000. Quarry LP bought a new stake in shares of Netskope in the third quarter valued at $41,000. Triumph Capital Management lifted its position in shares of Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after buying an additional 1,900 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Netskope by 60.5% during the 4th quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock valued at $103,000 after buying an additional 2,216 shares during the last quarter.

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.