Netskope (NASDAQ:NTSK) Stock Price Down 6.5% – Should You Sell?

Netskope Inc. (NASDAQ:NTSK) fell 6.5% during trading on Wednesday . The stock traded as low as $12.38 and last traded at $12.4690. Approximately 613,893 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 4,663,082 shares. The stock had previously closed at $13.33.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Mizuho reduced their price objective on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. BMO Capital Markets dropped their target price on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Robert W. Baird cut their target price on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. BTIG Research reduced their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Finally, Morgan Stanley decreased their price target on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.21.

Netskope Stock Performance

The firm has a fifty day simple moving average of $11.11 and a 200 day simple moving average of $11.49. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The stock has a market cap of $4.90 billion and a price-to-earnings ratio of -60.64.

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

Insider Transactions at Netskope

In other Netskope news, Director William J.G. Griffith acquired 610,291 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was bought at an average price of $11.82 per share, for a total transaction of $7,213,639.62. Following the purchase, the director owned 610,291 shares in the company, valued at $7,213,639.62. This represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the firm’s 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 transaction, the insider directly owned 336,173 shares of the company’s stock, valued at $3,089,429.87. The trade was a 79.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders bought 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is owned by company insiders.

Institutional Trading of Netskope

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTSK. Farther Finance Advisors LLC acquired a new position in Netskope in the fourth quarter worth about $25,000. Quarry LP acquired a new stake in Netskope during the third quarter valued at approximately $41,000. Triumph Capital Management grew its stake in shares of Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after purchasing an additional 1,900 shares during the period. Wells Fargo & Company MN grew its stake in shares of Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after purchasing an additional 2,617 shares during the period. Finally, Leonteq Securities AG acquired a new position in shares of Netskope in the 4th quarter worth approximately $64,000.

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.