Netskope (NASDAQ:NTSK) Trading 7.2% Higher – Still a Buy?

Netskope Inc. (NASDAQ:NTSK) shares shot up 7.2% during mid-day trading on Friday . The stock traded as high as $9.06 and last traded at $9.3350. 618,793 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 4,197,883 shares. The stock had previously closed at $8.71.

Analyst Upgrades and Downgrades

NTSK has been the topic of a number of research reports. William Blair set a $21.00 target price on shares of Netskope in a research report on Thursday, March 12th. TD Cowen dropped their target price on shares of Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. BTIG Research decreased their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Citizens Jmp reduced their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. Finally, BMO Capital Markets cut their target price on Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Netskope presently has a consensus rating of “Moderate Buy” and an average price target of $17.16.

Netskope Stock Up 7.5%

The company has a fifty day simple moving average of $10.35 and a 200 day simple moving average of $13.09. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06. The firm has a market capitalization of $3.75 billion and a P/E ratio of -46.61.

Netskope (NASDAQ:NTSK) last released its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. Netskope’s revenue for the quarter 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. On average, equities analysts expect that Netskope Inc. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Netskope

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in Netskope in the fourth quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Netskope during the third quarter worth about $41,000. Triumph Capital Management increased its position in 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 during the period. Wells Fargo & Company MN boosted its stake in shares of Netskope by 261.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Assetmark Inc. purchased a new stake in Netskope in the 3rd quarter valued at approximately $83,000.

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.