Netskope (NASDAQ:NTSK) Stock Price Up 6.5% – Here’s Why

Netskope Inc. (NASDAQ:NTSK)’s share price traded up 6.5% during trading on Monday . The company traded as high as $8.12 and last traded at $8.2350. 922,286 shares were traded during trading, a decline of 75% from the average session volume of 3,654,489 shares. The stock had previously closed at $7.73.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NTSK shares. Mizuho cut their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Morgan Stanley dropped their price objective on shares of Netskope from $27.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Robert W. Baird cut their target price on shares of Netskope from $27.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Citizens Jmp reduced their target price on shares of Netskope from $27.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, March 12th. Finally, BTIG Research dropped their price target on shares of Netskope from $22.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.89.

Netskope Stock Performance

The firm has a market capitalization of $3.34 billion and a price-to-earnings ratio of -60.91. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17. The company has a 50-day moving average price of $11.45.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $196.33 million for the quarter. The company’s revenue for the quarter was up 32.2% on a year-over-year basis. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS.

Insider Buying and Selling

In related news, CFO Matto Andrew H. Del sold 49,875 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $17.16, for a total value of $855,855.00. Following the completion of the sale, the chief financial officer directly owned 41,493 shares of the company’s stock, valued at $712,019.88. The trade was a 54.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Raphael Bousquet sold 3,823 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $16.66, for a total transaction of $63,691.18. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 907,781 shares of company stock worth $15,512,199 in the last ninety days.

Institutional Trading of Netskope

Large investors have recently made changes to their positions in the company. Chicago Capital LLC acquired a new position in Netskope during the third quarter worth approximately $2,056,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Netskope in the third quarter valued at approximately $72,463,000. Federated Hermes Inc. purchased a new position in shares of Netskope during the third quarter worth approximately $18,184,000. New York State Common Retirement Fund acquired a new position in shares of Netskope in the 3rd quarter valued at $943,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Netskope in the 3rd quarter valued at $27,239,000.

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.