Short Interest in Netskope Inc. (NASDAQ:NTSK) Expands By 67.1%

Netskope Inc. (NASDAQ:NTSK) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 11,628,306 shares, a growth of 67.1% from the April 30th total of 6,957,285 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average daily volume of 3,625,899 shares, the short-interest ratio is presently 3.2 days.

Key Headlines Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope’s fiscal Q1 earnings beat estimates, with adjusted EPS of -$0.06 versus the -$0.07 consensus, on revenue of $201.59 million. Netskope: Fiscal Q1 Earnings Snapshot
• Positive Sentiment: The company’s FY2027 revenue guidance of $879 million to $883 million topped analyst expectations, and Q2 revenue guidance of $213 million to $215 million also came in slightly above consensus. Netskope Announces Strong Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: Netskope said it joined Anthropic’s Project Glasswing, highlighting its role in AI security and vulnerability detection at scale. Netskope Joins Anthropic’s Project Glasswing
• Positive Sentiment: The company unveiled AI Command Center, a new platform for AI discovery, risk intelligence, and autonomous response, which could support longer-term growth in the security software market. netskope-unveils-ai-command-center-delivering-comprehensive-ai-discovery-and-correlated-risk-intelligence-with-fully-coordinated-agentic-response
• Neutral Sentiment: Netskope’s earnings release framed the quarter as strong, but the company remains unprofitable, so investors will likely focus on whether growth and guidance can keep improving. Netskope Announces Strong Fiscal First Quarter 2027 Financial Results

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NTSK. Deutsche Bank Aktiengesellschaft reduced their price objective on Netskope from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Wells Fargo & Company lifted their price objective on Netskope from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netskope in a research note on Friday, March 27th. Morgan Stanley reduced their price objective on Netskope from $27.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $19.00 price objective (down from $23.00) on shares of Netskope in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Netskope presently has an average rating of “Moderate Buy” and an average price target of $18.42.

Hedge Funds Weigh In On Netskope

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new position in Netskope during the 4th quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Netskope in the 3rd quarter valued at approximately $41,000. Triumph Capital Management raised its position in shares of Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after purchasing an additional 1,900 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Assetmark Inc. acquired a new position in shares of Netskope in the 3rd quarter valued at approximately $83,000.

Netskope Stock Performance

Netskope stock opened at $12.40 on Thursday. The stock’s 50 day moving average price is $10.24 and its 200 day moving average price is $13.49. The firm has a market capitalization of $4.96 billion and a PE ratio of -88.57. The company has a debt-to-equity ratio of 3.71, a quick ratio of 2.12 and a current ratio of 2.13. Netskope has a one year low of $7.66 and a one year high of $27.99.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. As a group, sell-side analysts expect that Netskope will post -0.19 EPS for the current fiscal year.

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.