Netskope (NASDAQ:NTSK) Shares Up 7% – What’s Next?

Shares of Netskope Inc. (NASDAQ:NTSK) shot up 7% during mid-day trading on Tuesday . The company traded as high as $9.52 and last traded at $9.5750. Approximately 1,567,803 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 4,604,007 shares. The stock had previously closed at $8.95.

Analyst Upgrades and Downgrades

NTSK has been the subject of several recent research reports. Rosenblatt Securities assumed coverage on shares of Netskope in a research report on Tuesday, April 14th. They set a “buy” rating and a $15.00 price target for the company. BMO Capital Markets cut their price objective on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Royal Bank Of Canada set a $18.00 target price on shares of Netskope in a research note on Thursday, June 4th. Mizuho dropped their price target on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Finally, FBN Securities initiated coverage on Netskope in a report on Wednesday, February 25th. They set an “outperform” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.16.

Netskope Price Performance

The business has a fifty day moving average price of $10.33 and a 200 day moving average price of $12.64. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The company has a market capitalization of $3.86 billion and a price-to-earnings ratio of -47.87.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. Netskope’s quarterly revenue was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, research analysts expect that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Lightspeed Venture Partners Se sold 336,173 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.00, for a total transaction of $3,025,557.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arif Janmohamed sold 336,173 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,300,000 shares of company stock valued at $30,199,254. Company insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in shares of Netskope in the fourth quarter valued at $25,000. Quarry LP bought a new position in Netskope during the third quarter valued at about $41,000. Triumph Capital Management grew its holdings in Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares during the period. Wells Fargo & Company MN raised its position in Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in Netskope in the fourth quarter worth about $64,000.

About Netskope

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.