Netskope (NASDAQ:NTSK) Shares Gap Down – Should You Sell?
by Teresa Graham · The Cerbat GemNetskope Inc. (NASDAQ:NTSK – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $12.12, but opened at $11.33. Netskope shares last traded at $11.1940, with a volume of 723,068 shares changing hands.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NTSK. BMO Capital Markets cut their target price on Netskope from $26.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Robert W. Baird dropped their price target on shares of Netskope from $27.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Netskope from $22.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Royal Bank Of Canada cut their target price on Netskope from $19.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. Finally, Oppenheimer restated an “outperform” rating and issued a $19.00 target price (down from $23.00) on shares of Netskope in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.42.
Read Our Latest Stock Report on Netskope
Netskope Price Performance
The company has a debt-to-equity ratio of 3.71, a current ratio of 2.13 and a quick ratio of 2.12. The stock has a market capitalization of $4.42 billion and a price-to-earnings ratio of -78.47. The stock’s 50 day simple moving average is $9.93 and its 200-day simple moving average is $13.89.
Netskope (NASDAQ:NTSK – Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $196.33 million during the quarter. The firm’s revenue 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. On average, analysts expect that Netskope Inc. will post -0.19 EPS for the current fiscal year.
Hedge Funds Weigh In On Netskope
Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in Netskope during the fourth quarter worth $25,000. Quarry LP bought a new stake in Netskope in the 3rd quarter valued at $41,000. Triumph Capital Management increased its holdings in 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 buying an additional 1,900 shares during the period. Wells Fargo & Company MN increased its holdings in 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 buying an additional 2,617 shares during the period. Finally, Leonteq Securities AG bought a new stake in Netskope in the 4th quarter valued at $64,000.
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.