Netskope (NASDAQ:NTSK) Hits New 12-Month Low – Here’s What Happened

Netskope Inc. (NASDAQ:NTSK) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.81 and last traded at $9.0060, with a volume of 915011 shares trading hands. The stock had previously closed at $9.29.

Analyst Ratings Changes

NTSK has been the topic of several recent analyst reports. BTIG Research reduced their price target on shares of Netskope from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. JPMorgan Chase & Co. lowered their price objective on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. Royal Bank Of Canada dropped their target price on shares of Netskope from $19.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Robert W. Baird reduced their target price on shares of Netskope from $27.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. Finally, BMO Capital Markets decreased their price target on shares of Netskope from $26.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.89.

Netskope Stock Down 3.6%

The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32. The company’s 50 day simple moving average is $12.00. The stock has a market cap of $3.33 billion and a PE ratio of -60.57.

Netskope (NASDAQ:NTSK) last released its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $196.33 million during the quarter. The firm’s revenue for the quarter 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 other news, CFO Matto Andrew H. Del sold 49,875 shares of the 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 transaction, the chief financial officer directly owned 41,493 shares in the company, valued at approximately $712,019.88. This trade represents a 54.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Raphael Bousquet sold 3,823 shares of Netskope stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $16.66, for a total transaction of $63,691.18. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,049,721 shares of company stock valued at $18,020,279.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new stake in Netskope during the fourth quarter valued at about $25,000. Quarry LP bought a new position in Netskope in the third quarter worth about $41,000. Triumph Capital Management lifted its position 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 buying an additional 1,900 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Netskope by 261.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after buying an additional 2,617 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Netskope in the 4th quarter valued at about $64,000.

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.