Netskope (NASDAQ:NTSK) Stock Price Up 7.7% – Time to Buy?

Netskope Inc. (NASDAQ:NTSK) shares shot up 7.7% during trading on Monday . The stock traded as high as $10.84 and last traded at $11.08. Approximately 805,800 shares were traded during mid-day trading, a decline of 83% from the average session volume of 4,626,183 shares. The stock had previously closed at $10.29.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NTSK. Weiss Ratings restated a “sell (d-)” rating on shares of Netskope in a report on Friday, March 27th. Robert W. Baird lowered their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. BMO Capital Markets dropped their price objective on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. JPMorgan Chase & Co. decreased their target price on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Finally, Oppenheimer lowered their price target on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Netskope presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.11.

Netskope Trading Up 7.6%

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’s fifty day moving average is $10.38 and its two-hundred day moving average is $12.34. The firm has a market cap of $4.47 billion and a P/E ratio of -55.57.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. Netskope’s revenue for the quarter 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. Analysts predict that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Insider Activity at Netskope

In other Netskope 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 stock was sold at an average price of $9.00, for a total transaction of $3,025,557.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arif Janmohamed sold 336,173 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,300,000 shares of company stock worth $30,199,254. Insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new stake in shares of Netskope during the 3rd quarter valued at $249,000. Vanguard Group Inc. bought a new position in shares of Netskope during the third quarter valued at approximately $80,006,000. TD Asset Management Inc purchased a new position in shares of Netskope during the third quarter valued at approximately $5,005,000. Monashee Investment Management LLC bought a new stake in shares of Netskope in the 3rd quarter worth approximately $6,819,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Netskope in the 3rd quarter worth approximately $6,686,000.

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.