Netskope (NASDAQ:NTSK) Shares Down 4.9% – Here’s Why

Netskope Inc. (NASDAQ:NTSK)’s stock price traded down 4.9% on Tuesday . The stock traded as low as $13.43 and last traded at $13.35. 1,553,326 shares were traded during trading, a decline of 66% from the average daily volume of 4,594,484 shares. The stock had previously closed at $14.04.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank Of Canada increased their target price on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. BMO Capital Markets dropped their target price on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. KeyCorp raised their target price on shares of Netskope from $16.00 to $17.50 and gave the company an “overweight” rating in a research note on Friday. TD Cowen reiterated a “buy” rating and issued a $19.00 price target on shares of Netskope in a report on Monday, August 17th. 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 note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.87.

Netskope Stock Down 4.5%

The company has a fifty day moving average of $12.53 and a two-hundred day moving average of $11.16. The company has a market cap of $5.42 billion and a PE ratio of -66.97. 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 released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. Netskope’s revenue 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, analysts anticipate that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Insider Activity at Netskope

In other Netskope news, Director Arif Janmohamed sold 1,313,827 shares of the firm’s stock in a transaction on 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 director directly owned 336,173 shares in the company, valued at $3,089,429.87. This trade represents a 79.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William J.G. Griffith bought 610,291 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were purchased at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the transaction, the director owned 610,291 shares in the company, valued at $7,213,639.62. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. Insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

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

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.