Netskope Inc. (NASDAQ:NTSK) Short Interest Update

Netskope Inc. (NASDAQ:NTSK) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 15,936,658 shares, a decrease of 40.7% from the June 30th total of 26,867,322 shares. Based on an average daily volume of 5,119,563 shares, the short-interest ratio is currently 3.1 days. Approximately 5.3% of the company’s stock are short sold.

Insiders Place Their Bets

In related news, major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was acquired at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the transaction, the insider owned 610,291 shares of the company’s stock, valued at $7,213,639.62. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arif Janmohamed sold 1,313,827 shares of Netskope stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the sale, the director owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have purchased 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is currently owned by insiders.

Institutional Trading of Netskope

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new position in shares of Netskope in the fourth quarter valued at $25,000. Quarry LP purchased a new position in shares of Netskope in the third quarter worth approximately $41,000. Triumph Capital Management raised its holdings in shares of Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after acquiring an additional 1,900 shares during the period. Wells Fargo & Company MN boosted its position in shares of 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 acquired a new stake in Netskope during the 4th quarter worth about $64,000.

Netskope Price Performance

Shares of NTSK traded down $0.22 during midday trading on Thursday, reaching $11.74. The stock had a trading volume of 765,713 shares, compared to its average volume of 4,648,657. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The firm’s 50 day moving average price is $11.17 and its 200-day moving average price is $11.26. The company has a market capitalization of $4.74 billion and a P/E ratio of -58.67.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The firm’s revenue 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, analysts forecast that Netskope will post -0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NTSK has been the subject of several research analyst reports. Oppenheimer lowered their price objective on Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. TD Cowen cut their price objective on shares of Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. 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 report on Thursday, June 4th. Rosenblatt Securities assumed coverage on Netskope in a research report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, BTIG Research reduced their price target on Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.21.

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.