Netskope (NASDAQ:NTSK) Trading 7.2% Higher – What’s Next?

Netskope Inc. (NASDAQ:NTSK)’s stock price rose 7.2% on Friday . The company traded as high as $9.06 and last traded at $9.3350. Approximately 618,793 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 4,197,883 shares. The stock had previously closed at $8.71.

Analyst Upgrades and Downgrades

NTSK has been the topic of a number of research analyst reports. Mizuho lowered their price objective on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. JPMorgan Chase & Co. decreased their price target on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. BTIG Research decreased their target price on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Robert W. Baird reduced their target price on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada set a $18.00 target price on shares of Netskope in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.16.

Netskope Stock Up 7.5%

The stock has a market capitalization of $3.75 billion and a P/E ratio of -46.61. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. The stock’s fifty day simple moving average is $10.35 and its two-hundred day simple moving average is $13.09.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. The business’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. As a group, research analysts expect that Netskope Inc. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Netskope

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ICONIQ Capital LLC purchased a new position in shares of Netskope in the 3rd quarter worth about $1,506,261,000. Scge Management L.P. purchased a new position in shares of Netskope during the 3rd quarter valued at about $312,104,000. Vanguard Group Inc. purchased a new position in Netskope in the 3rd quarter worth approximately $80,006,000. Public Sector Pension Investment Board purchased a new stake in shares of Netskope during the 4th quarter worth approximately $60,882,000. Finally, TimesSquare Capital Management LLC bought a new position in shares of Netskope during the 3rd quarter valued at approximately $61,833,000.

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.