Netskope Inc. (NASDAQ:NTSK) Short Interest Down 54.1% in April

Netskope Inc. (NASDAQ:NTSK) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 6,957,285 shares, a decrease of 54.1% from the April 15th total of 15,166,604 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 3,709,862 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of Netskope

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its position in shares of Netskope by 32.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock worth $91,000 after purchasing an additional 1,270 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of Netskope during the 4th quarter worth about $25,000. Quarry LP bought a new position in shares of Netskope during the 3rd quarter worth about $41,000. Triumph Capital Management boosted its position in shares of Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Netskope by 60.5% during the 4th quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock worth $103,000 after purchasing an additional 2,216 shares in the last quarter.

Netskope Stock Performance

NTSK traded up $0.30 during trading on Friday, reaching $11.22. 2,896,822 shares of the stock traded hands, compared to its average volume of 3,624,083. The company has a debt-to-equity ratio of 3.71, a quick ratio of 2.12 and a current ratio of 2.13. The stock’s 50-day moving average is $9.87 and its 200 day moving average is $14.53. Netskope has a 12 month low of $7.66 and a 12 month high of $27.99.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $196.33 million for the quarter. The company’s revenue 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. On average, equities analysts predict that Netskope will post -0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NTSK has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price objective on Netskope from $19.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Mizuho decreased their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Netskope in a report on Friday, March 27th. TD Cowen decreased their price objective on Netskope from $30.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Finally, Rosenblatt Securities initiated coverage on Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.26.

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.