Netskope (NASDAQ:NTSK) Stock Price Up 7% – Time to Buy?

Netskope Inc. (NASDAQ:NTSK) shares rose 7% during mid-day trading on Tuesday . The stock traded as high as $9.52 and last traded at $9.5750. Approximately 1,567,803 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 4,604,007 shares. The stock had previously closed at $8.95.

Analyst Ratings Changes

Several research firms recently commented on NTSK. Wells Fargo & Company cut their target price on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. FBN Securities began coverage on shares of Netskope in a research report on Wednesday, February 25th. They issued an “outperform” rating and a $15.00 price target on the stock. Citizens Jmp dropped their price target on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada set a $18.00 price objective on Netskope in a research report on Thursday, June 4th. Finally, Robert W. Baird reduced their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Netskope currently has an average rating of “Moderate Buy” and a consensus price target of $17.16.

Netskope Trading Up 6.9%

The company has a fifty day simple moving average of $10.33 and a 200-day simple moving average of $12.64. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The stock has a market cap of $3.86 billion and a price-to-earnings ratio of -47.87.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The firm’s revenue was up 27.8% compared to the same quarter last year. 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, research analysts forecast that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Insider Activity at Netskope

In related news, major shareholder Lightspeed Venture Partners Se sold 336,173 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arif Janmohamed sold 336,173 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.00, for a total transaction of $3,025,557.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,300,000 shares of company stock valued at $30,199,254. 25.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NTSK. ICONIQ Capital LLC acquired a new position in Netskope during the third quarter valued at $1,506,261,000. Scge Management L.P. acquired a new stake in Netskope during the 3rd quarter worth about $312,104,000. Vanguard Group Inc. purchased a new position in Netskope during the 3rd quarter valued at about $80,006,000. Public Sector Pension Investment Board acquired a new position in shares of Netskope in the 4th quarter valued at about $60,882,000. Finally, Bamco Inc. NY acquired a new position in shares of Netskope in the 3rd quarter valued at about $52,888,000.

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.