Netskope (NASDAQ:NTSK) Shares Gap Down – Should You Sell?

Netskope Inc. (NASDAQ:NTSK)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $12.12, but opened at $11.33. Netskope shares last traded at $11.1940, with a volume of 723,068 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on Netskope from $26.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Oppenheimer reaffirmed an “outperform” rating and set a $19.00 price objective (down from $23.00) on shares of Netskope in a research note on Thursday, March 12th. TD Cowen reduced their price objective on Netskope from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price objective on Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Finally, Robert W. Baird reduced their price objective on Netskope from $27.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given 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 an average rating of “Moderate Buy” and a consensus target price of $18.42.

Netskope Price Performance

The business’s 50-day simple moving average is $10.01 and its 200-day simple moving average is $13.74. The stock has a market cap of $4.62 billion and a PE ratio of -82.36. The company has a quick ratio of 2.12, a current ratio of 2.13 and a debt-to-equity ratio of 3.71.

Netskope (NASDAQ:NTSK) last released its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $196.33 million during the quarter. The business’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, research analysts expect that Netskope Inc. will post -0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Netskope

A number of hedge funds have recently modified their holdings of NTSK. Farther Finance Advisors LLC bought a new stake in shares of Netskope during the 4th quarter valued at about $25,000. Quarry LP bought a new stake in shares of Netskope during the 3rd quarter valued at about $41,000. Triumph Capital Management lifted its holdings in Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares during the period. Wells Fargo & Company MN lifted its holdings in Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after buying an additional 2,617 shares during the period. Finally, Leonteq Securities AG purchased a new stake in Netskope in the fourth quarter worth about $64,000.

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.