Netskope Inc. (NASDAQ:NTSK) Short Interest Down 54.1% in April

Netskope Inc. (NASDAQ:NTSK) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 6,957,285 shares, a decrease of 54.1% from the April 15th total of 15,166,604 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 3,709,862 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On Netskope

Several large investors have recently modified their holdings of the stock. Weiss Asset Management LP purchased a new stake in shares of Netskope during the 1st quarter worth approximately $8,957,000. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Netskope during the 1st quarter worth approximately $134,000. Granahan Investment Management LLC boosted its holdings in Netskope by 81.6% in the 1st quarter. Granahan Investment Management LLC now owns 367,578 shares of the company’s stock worth $3,121,000 after buying an additional 165,117 shares during the period. Entropy Technologies LP bought a new position in Netskope in the 1st quarter worth approximately $230,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Netskope in the 1st quarter worth approximately $807,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NTSK shares. Mizuho dropped their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. BTIG Research dropped their price target on shares of Netskope from $22.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $19.00 price target (down from $23.00) on shares of Netskope in a research report on Thursday, March 12th. Royal Bank Of Canada dropped their price target on shares of Netskope from $19.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. Finally, Robert W. Baird dropped their price target on shares of Netskope from $27.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, sixteen 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.26.

Netskope Trading Up 2.7%

NASDAQ:NTSK traded up $0.30 on Friday, hitting $11.22. The stock had a trading volume of 2,896,822 shares, compared to its average volume of 3,624,083. The company has a current ratio of 2.13, a quick ratio of 2.12 and a debt-to-equity ratio of 3.71. Netskope has a 1 year low of $7.66 and a 1 year high of $27.99. The firm’s fifty day simple moving average is $9.87 and its two-hundred day simple moving average is $14.53.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $196.33 million during the quarter. The firm’s revenue for the quarter was up 32.2% on a year-over-year basis. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS. Research analysts forecast that Netskope will post -0.19 EPS for the current year.

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.