Netskope (NASDAQ:NTSK) Issues Earnings Results, Beats Expectations By $0.23 EPS

Netskope (NASDAQ:NTSK) issued its quarterly earnings data on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23, FiscalAI reports. The company had revenue of $220.54 million for the quarter. Netskope updated its FY 2027 guidance to -0.150–0.150 EPS and its Q3 2027 guidance to -0.040–0.030 EPS.

Netskope Stock Performance

NTSK traded down $0.30 during midday trading on Wednesday, reaching $13.75. The company had a trading volume of 8,574,630 shares, compared to its average volume of 4,647,615. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06. Netskope has a 1 year low of $7.66 and a 1 year high of $27.99. The company has a market cap of $5.55 billion and a P/E ratio of -68.75. The business has a 50-day moving average of $13.19 and a two-hundred day moving average of $11.26.

Insider Activity at Netskope

In other news, Director William J.G. Griffith bought 610,291 shares of Netskope stock in a transaction dated Wednesday, July 8th. The shares were purchased at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the acquisition, the director owned 610,291 shares of the company’s stock, valued at $7,213,639.62. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the transaction, the insider owned 336,173 shares in the company, valued at $3,089,429.87. This trade represents a 79.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders purchased 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

A number of institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in Netskope during the 4th quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Netskope during the third quarter worth about $41,000. Triumph Capital Management boosted its stake in shares of Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after purchasing an additional 1,900 shares during the period. Operose Advisors LLC purchased a new position in shares of Netskope in the second quarter valued at approximately $56,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after purchasing an additional 2,617 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NTSK shares. Royal Bank Of Canada raised their target price on shares of Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. BTIG Research reduced their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, June 4th. BMO Capital Markets dropped their price objective on Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Robert W. Baird lowered their price objective 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, Oppenheimer raised their price objective on shares of Netskope from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. One 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.71.

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.