Netskope (NASDAQ:NTSK) Downgraded to Hold Rating by Mizuho

Mizuho cut shares of Netskope (NASDAQ:NTSK) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other research firms have also issued reports on NTSK. BTIG Research dropped their target price on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. BMO Capital Markets decreased their price target on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. KeyCorp lifted their price objective on Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. TD Cowen reissued a “buy” rating and issued a $19.00 price objective on shares of Netskope in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft set a $17.00 target price on Netskope in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.79.

Netskope Trading Down 4.4%

Shares of NASDAQ NTSK opened at $14.70 on Wednesday. The firm has a 50 day moving average price of $12.21 and a two-hundred day moving average price of $11.15. The stock has a market cap of $5.94 billion and a P/E ratio of -73.50. Netskope has a 52-week low of $7.66 and a 52-week high of $27.99. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. 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, equities analysts forecast that Netskope will post -0.88 EPS for the current year.

Insider Activity at Netskope

In related news, major shareholder Iconiq Strategic Partners Viii acquired 64,771 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were bought at an average price of $12.42 per share, with a total value of $804,455.82. Following the transaction, the insider directly owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Arif Janmohamed sold 336,173 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTSK. Wasatch Advisors LP acquired a new position in shares of Netskope during the second quarter worth approximately $25,107,000. Swedbank AB acquired a new stake in Netskope in the 4th quarter valued at $1,801,000. Principal Financial Group Inc. increased its stake in Netskope by 31.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock valued at $21,628,000 after purchasing an additional 608,355 shares in the last quarter. Strs Ohio bought a new stake in Netskope during the 4th quarter valued at $2,719,000. Finally, Bank of New York Mellon Corp raised its holdings in Netskope by 1,381.8% during the first quarter. Bank of New York Mellon Corp now owns 475,918 shares of the company’s stock worth $4,041,000 after buying an additional 443,800 shares during the last quarter.

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.