Netskope Inc. (NASDAQ:NTSK – Get Free Report)’s share price rose 7% during trading on Tuesday . The company traded as high as $9.52 and last traded at $9.5750. Approximately 1,567,803 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 4,604,007 shares. The stock had previously closed at $8.95.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. BTIG Research decreased their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. JPMorgan Chase & Co. dropped their price objective on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Citizens Jmp reduced their target price on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. Morgan Stanley decreased their target price on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, June 4th. Finally, Rosenblatt Securities started coverage on Netskope in a report on Tuesday, April 14th. They set a “buy” rating and a $15.00 price target on the stock. 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.11.
Check Out Our Latest Research Report on Netskope
Netskope Trading Down 0.2%
Netskope (NASDAQ:NTSK – Get Free Report) last announced 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 firm had revenue of $201.59 million for the quarter. The firm’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, equities research analysts anticipate that Netskope Inc. will post -0.88 earnings per share for the current year.
Insider Activity
In other Netskope news, Director Arif Janmohamed sold 1,313,827 shares of Netskope stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.19, for a total value of $12,074,070.13. Following the sale, the director owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. The trade was a 79.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.19, for a total value of $12,074,070.13. Following the transaction, the insider owned 336,173 shares in the company, valued at $3,089,429.87. The trade was a 79.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,300,000 shares of company stock valued at $30,199,254 over the last three months. 25.52% of the stock is currently owned by corporate insiders.
Institutional Trading of Netskope
Several hedge funds have recently modified their holdings of NTSK. Farther Finance Advisors LLC acquired a new position in Netskope during the fourth quarter worth $25,000. Quarry LP acquired a new stake in Netskope in the third quarter valued at $41,000. Triumph Capital Management boosted its position in shares of Netskope by 380.0% during the 4th 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 boosted its position 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 worth $63,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Netskope during 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.
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