Netskope (NASDAQ:NTSK) Shares Down 6.3% – Time to Sell?

Netskope Inc. (NASDAQ:NTSK)’s stock price dropped 6.3% on Wednesday . The company traded as low as $14.55 and last traded at $14.4040. Approximately 229,726 shares traded hands during trading, a decline of 95% from the average session volume of 4,624,096 shares. The stock had previously closed at $15.37.

Analysts Set New Price Targets

NTSK has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on shares of Netskope in a research note on Monday. KeyCorp increased their target price on shares of Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Royal Bank Of Canada lifted their price target on shares of Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Robert W. Baird decreased their price target on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Finally, TD Cowen restated a “buy” rating and issued a $19.00 price target on shares of Netskope in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.79.

Netskope Stock Down 5.1%

The firm’s 50-day moving average price is $12.08 and its 200 day moving average price is $11.15. The firm has a market capitalization of $5.89 billion and a price-to-earnings ratio of -72.98. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. Netskope’s quarterly 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. Sell-side analysts expect that Netskope Inc. will post -0.88 EPS for the current year.

Insider Buying and Selling

In related news, Director William J.G. Griffith acquired 610,291 shares of Netskope stock in a transaction dated Wednesday, July 8th. The shares were acquired at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the transaction, the director directly owned 610,291 shares of the company’s stock, valued at $7,213,639.62. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Arif Janmohamed sold 1,313,827 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13. Following the sale, the director directly owned 336,173 shares in the company, valued at approximately $3,089,429.87. The trade was a 79.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders purchased 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Scge Management L.P. purchased a new stake in shares of Netskope during the third quarter worth about $312,104,000. Vanguard Group Inc. lifted its stake in shares of Netskope by 51.5% during the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock valued at $93,536,000 after buying an additional 1,812,857 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Netskope by 14.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock worth $62,383,000 after acquiring an additional 456,321 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in Netskope during the fourth quarter worth approximately $60,882,000. Finally, TimesSquare Capital Management LLC grew its stake in Netskope by 15.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,135,851 shares of the company’s stock worth $55,003,000 after acquiring an additional 415,505 shares during the period.

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.