Netskope (NASDAQ:NTSK) Trading Down 6.7% – Here’s What Happened
by Tristan Rich · The Markets DailyShares of Netskope Inc. (NASDAQ:NTSK – Get Free Report) fell 6.7% during trading on Thursday . The company traded as low as $8.64 and last traded at $8.7370. 602,452 shares were traded during trading, a decline of 84% from the average session volume of 3,731,156 shares. The stock had previously closed at $9.36.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on NTSK. Wells Fargo & Company began coverage on shares of Netskope in a research note on Tuesday, March 3rd. They set an “overweight” rating and a $13.00 target price on the stock. Mizuho reduced their target price on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Morgan Stanley reduced their target price on shares of Netskope from $27.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. KeyCorp decreased their target price on shares of Netskope from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Finally, TD Cowen decreased their target price on shares of Netskope from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.89.
Get Our Latest Research Report on NTSK
Netskope Stock Down 9.7%
The company has a quick ratio of 2.32, a current ratio of 2.13 and a debt-to-equity ratio of 3.71. The firm has a 50-day simple moving average of $10.69. The stock has a market cap of $3.33 billion and a price-to-earnings ratio of -60.50.
Netskope (NASDAQ:NTSK – Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. The firm had revenue of $196.33 million for the quarter. The company’s revenue for the quarter was up 32.2% on a year-over-year basis. 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
In other Netskope news, CRO Raphael Bousquet sold 3,823 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $16.66, for a total value of $63,691.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Institutional Investors Weigh In On Netskope
Several large investors have recently bought and sold shares of NTSK. Rockefeller Capital Management L.P. boosted its stake in shares of Netskope by 199,900.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock valued at $70,000 after buying an additional 3,998 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Netskope during the fourth quarter worth approximately $87,000. Virtu Financial LLC raised its holdings in Netskope by 239.4% in the fourth quarter. Virtu Financial LLC now owns 32,512 shares of the company’s stock valued at $570,000 after acquiring an additional 22,932 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Netskope by 14.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock worth $62,383,000 after acquiring an additional 456,321 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Netskope by 11.3% during the 4th quarter. XTX Topco Ltd now owns 28,956 shares of the company’s stock worth $508,000 after acquiring an additional 2,950 shares in the last quarter.
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.