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

Netskope Inc. (NASDAQ:NTSK)’s share price fell 4.9% during mid-day trading on Tuesday . The company traded as low as $13.43 and last traded at $13.35. Approximately 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 Upgrades and Downgrades

A number of research firms have issued reports on NTSK. Piper Sandler reduced their price target on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. Royal Bank Of Canada increased their price target on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Oppenheimer lifted their target price on shares of Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Robert W. Baird dropped their price target on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft set a $17.00 target price on shares of Netskope in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Netskope has an average rating of “Moderate Buy” and a consensus target price of $17.87.

Netskope Price Performance

The company has a market capitalization of $5.42 billion and a PE ratio of -66.97. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The stock’s 50 day simple moving average is $12.53 and its 200-day simple moving average is $11.16.

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

Insider Buying and Selling

In related news, major shareholder Iconiq Strategic Partners Viii acquired 64,771 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was acquired at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the purchase, the insider owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This represents a 7.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.23, for a total value of $2,679,287.25. The SEC filing for this sale provides additional information. Over the last 90 days, 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 Investors Weigh In On Netskope

Several institutional investors have recently modified their holdings of NTSK. Scge Management L.P. purchased a new position in Netskope in the third quarter valued at $312,104,000. Public Sector Pension Investment Board purchased a new stake in Netskope during the 4th quarter worth about $60,882,000. Wasatch Advisors LP purchased a new stake in Netskope during the 2nd quarter worth about $25,107,000. Vanguard Group Inc. boosted its position in shares of Netskope by 51.5% during the 4th quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock worth $93,536,000 after acquiring an additional 1,812,857 shares in the last quarter. Finally, BIT Capital GmbH purchased a new position in shares of Netskope in the 4th quarter valued at about $27,683,000.

About Netskope

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.