Netskope (NASDAQ:NTSK) Downgraded to Hold Rating by Mizuho

Netskope (NASDAQ:NTSK) was downgraded by analysts at Mizuho from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

NTSK has been the topic of a number of other research reports. KeyCorp upped their target price on shares of Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Morgan Stanley cut their price target on Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on Netskope in a report on Monday. Citizens Jmp lowered their price objective on Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research note on Friday, May 1st. Finally, Robert W. Baird dropped their target price on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.79.

Netskope Stock Performance

NASDAQ NTSK opened at $14.70 on Wednesday. The company has a market cap of $5.94 billion and a P/E ratio of -73.50. The company has a fifty day simple moving average of $12.21 and a 200 day simple moving average of $11.15. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. Netskope has a 12-month low of $7.66 and a 12-month high of $27.99.

Netskope (NASDAQ:NTSK) last released 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 business had revenue of $201.59 million for the quarter. The business’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. Sell-side analysts predict that Netskope will post -0.88 earnings per share for the current fiscal year.

Insider Activity

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13. Following the completion of the sale, the insider directly owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. This represents a 79.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William J.G. Griffith acquired 610,291 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was purchased at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the purchase, the director owned 610,291 shares in the company, valued at approximately $7,213,639.62. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is owned by insiders.

Institutional Trading of Netskope

A number of hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in Netskope in the fourth quarter worth $25,000. Quarry LP bought a new stake in shares of Netskope during the 3rd quarter worth $41,000. Triumph Capital Management boosted its holdings in shares of Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares during the last quarter. Wells Fargo & Company MN grew its position in 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 period. Finally, Leonteq Securities AG bought a new position in Netskope during the fourth quarter valued at 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.