Netskope (NASDAQ:NTSK) Stock Price Down 4.4% – What’s Next?

Netskope Inc. (NASDAQ:NTSK)’s stock price traded down 4.4% on Wednesday . The stock traded as low as $8.42 and last traded at $8.4150. 2,565,676 shares were traded during trading, a decline of 29% from the average session volume of 3,633,916 shares. The stock had previously closed at $8.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NTSK shares. BTIG Research dropped their target price on Netskope from $22.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Citizens Jmp dropped their price objective on shares of Netskope from $27.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, March 12th. 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 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netskope in a report on Monday, December 29th. Finally, BMO Capital Markets cut their price target on Netskope from $26.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.89.

Netskope Price Performance

The stock has a market capitalization of $3.04 billion and a price-to-earnings ratio of -55.21. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 5.17. The stock has a 50-day moving average price of $11.86.

Netskope (NASDAQ:NTSK) last released its earnings results 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 during the quarter. The business’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 Buying and Selling at Netskope

In related news, CFO Matto Andrew H. Del sold 77,207 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $16.92, for a total transaction of $1,306,342.44. Following the completion of the sale, the chief financial officer directly owned 41,493 shares in the company, valued at $702,061.56. This represents a 65.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Beri sold 346,061 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $16.91, for a total transaction of $5,851,891.51. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,049,721 shares of company stock worth $18,020,279 over the last three months.

Hedge Funds Weigh In On Netskope

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ICONIQ Capital LLC bought a new stake in shares of Netskope during the third quarter worth about $1,506,261,000. Scge Management L.P. bought a new position in Netskope in the 3rd quarter valued at approximately $312,104,000. Vanguard Group Inc. bought a new position in Netskope in the 3rd quarter valued at approximately $80,006,000. Public Sector Pension Investment Board acquired a new stake in Netskope during the 4th quarter worth approximately $60,882,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Netskope during the 3rd quarter worth approximately $72,463,000.

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.