Netskope Inc. (NASDAQ:NTSK – Get Free Report) traded up 5.5% during mid-day trading on Wednesday. The stock traded as high as $20.96 and last traded at $20.9190. 316,945 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 5,065,879 shares. The stock had previously closed at $19.82.
Analyst Upgrades and Downgrades
A number of research analysts have commented on NTSK shares. Piper Sandler boosted their price objective on Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Robert W. Baird upped their target price on Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Wells Fargo & Company increased their target price on Netskope from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. TD Cowen reiterated a “buy” rating and issued a $19.00 target price on shares of Netskope in a research note on Monday, August 17th. Finally, BTIG Research raised their target price on Netskope from $18.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.75.
View Our Latest Stock Analysis on Netskope
Netskope Trading Up 5.7%
The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 4.45. The business has a 50 day simple moving average of $16.83 and a two-hundred day simple moving average of $13.10. The stock has a market cap of $8.56 billion and a price-to-earnings ratio of -8.22.
Netskope (NASDAQ:NTSK – Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. The company had revenue of $220.54 million for the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. As a group, equities analysts anticipate that Netskope Inc. will post -0.82 EPS for the current year.
Insider Transactions at Netskope
In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $14.90, for a total transaction of $158,252.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 25.52% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in NTSK. Principal Financial Group Inc. increased its position in shares of Netskope by 31.4% in the 1st quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after purchasing an additional 608,355 shares during the last quarter. Wasatch Advisors LP bought a new position in shares of Netskope during the second quarter worth about $25,107,000. Weiss Asset Management LP bought a new position in shares of Netskope during the first quarter worth about $8,957,000. New York Life Insurance Co. bought a new position in shares of Netskope during the second quarter worth about $11,325,580. Finally, Stephens Investment Management Group LLC grew its stake in Netskope by 117.5% in the first quarter. Stephens Investment Management Group LLC now owns 977,786 shares of the company’s stock worth $8,301,000 after purchasing an additional 528,164 shares in the last quarter.
About Netskope
Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.
The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.
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