Netskope (NASDAQ:NTSK) Shares Down 6.2% – What’s Next?

Netskope Inc. (NASDAQ:NTSK) was down 6.2% during mid-day trading on Monday. The stock traded as low as $22.94 and last traded at $22.7980. Approximately 409,636 shares changed hands during trading, a decline of 92% from the average daily volume of 5,146,352 shares. The stock had previously closed at $24.30.

Analyst Upgrades and Downgrades

NTSK has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on shares of Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. raised their target price on Netskope from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Rosenblatt Securities raised their target price on Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Stephens assumed coverage on Netskope in a research note on Monday, September 14th. They issued an “overweight” rating and a $21.00 price target on the stock. Finally, Piper Sandler boosted their price target on Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.66.

Netskope Stock Performance

The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of -8.56 and a beta of 2.43. The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 4.45. The stock’s 50-day moving average is $18.65 and its 200-day moving average is $13.29.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. The firm had revenue of $220.54 million for the quarter. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. On average, analysts predict that Netskope Inc. will post -0.82 EPS for the current fiscal year.

Insider Activity at Netskope

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

A number of institutional investors and hedge funds have recently bought and sold shares of NTSK. Parallel Advisors LLC acquired a new position in Netskope in the 3rd quarter valued at approximately $33,000. Rockefeller Capital Management L.P. raised its stake in shares of Netskope by 199,900.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock valued at $70,000 after acquiring an additional 3,998 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of Netskope during the second quarter worth $56,000. FNY Investment Advisers LLC lifted its holdings in shares of Netskope by 88.9% during the second quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock worth $92,000 after purchasing an additional 4,000 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of Netskope by 57.6% during the first quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock worth $79,000 after purchasing an additional 3,385 shares during the period.

About Netskope

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.