Royal Bank Of Canada Has Lowered Expectations for Netskope (NASDAQ:NTSK) Stock Price

Netskope (NASDAQ:NTSKGet Free Report) had its target price decreased by Royal Bank Of Canada from $19.00 to $14.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 48.70% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. KeyCorp lowered their price target on Netskope from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday. Citizens Jmp lowered their target price on Netskope from $27.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday. BTIG Research dropped their target price on shares of Netskope from $22.00 to $17.00 and set a “buy” rating for the company in a report on Thursday. Mizuho decreased their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company assumed coverage on shares of Netskope in a research report on Tuesday, March 3rd. They set an “overweight” rating and a $13.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.06.

Check Out Our Latest Analysis on Netskope

Netskope Stock Performance

Shares of Netskope stock traded down $2.72 on Thursday, reaching $9.42. 14,821,858 shares of the stock were exchanged, compared to its average volume of 3,118,512. The firm’s 50 day simple moving average is $13.50. The stock has a market cap of $3.70 billion and a price-to-earnings ratio of -94.13. The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32. Netskope has a one year low of $8.81 and a one year high of $27.99.

Netskope (NASDAQ:NTSKGet Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $196.33 million for the quarter. Netskope’s quarterly revenue was up 32.2% compared to the same quarter last year. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS.

Insider Transactions at Netskope

In related news, CFO Matto Andrew H. Del sold 49,875 shares of Netskope stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $17.16, for a total transaction of $855,855.00. Following the sale, the chief financial officer directly owned 41,493 shares in the company, valued at $712,019.88. This trade represents a 54.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Beri sold 31,594 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $17.58, for a total transaction of $555,422.52. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,049,721 shares of company stock worth $18,020,279.

Hedge Funds Weigh In On Netskope

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Netskope during the fourth quarter worth $87,000. Virtu Financial LLC increased its holdings in Netskope by 239.4% in the fourth quarter. Virtu Financial LLC now owns 32,512 shares of the company’s stock valued at $570,000 after purchasing an additional 22,932 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Netskope by 14.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock worth $62,383,000 after purchasing an additional 456,321 shares during the last quarter. XTX Topco Ltd lifted its holdings in Netskope by 11.3% during the 4th quarter. XTX Topco Ltd now owns 28,956 shares of the company’s stock worth $508,000 after buying an additional 2,950 shares during the period. Finally, Bamco Inc. NY grew its position in shares of Netskope by 28.1% in the 4th quarter. Bamco Inc. NY now owns 2,981,743 shares of the company’s stock valued at $52,300,000 after buying an additional 654,964 shares during the last quarter.

Key Headlines Impacting Netskope

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About Netskope

(Get Free Report)

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.

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