Netskope (NASDAQ:NTSK) Trading 6.5% Higher – Time to Buy?

Shares of Netskope Inc. (NASDAQ:NTSK) shot up 6.5% on Monday . The stock traded as high as $8.12 and last traded at $8.2350. 922,286 shares traded hands during trading, a decline of 75% from the average session volume of 3,654,489 shares. The stock had previously closed at $7.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NTSK shares. Citizens Jmp reduced their target price on shares of Netskope from $27.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, March 12th. BMO Capital Markets dropped their price objective on shares of Netskope from $26.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 12th. BTIG Research dropped their price target on shares of Netskope from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Morgan Stanley cut their price target on Netskope from $27.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Netskope currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.89.

Netskope Stock Performance

The firm’s fifty day simple moving average is $11.72. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 5.17. The firm has a market capitalization of $3.16 billion and a PE ratio of -57.07.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Wednesday, March 11th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $196.33 million for the quarter. The firm’s revenue 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 Transactions at Netskope

In related news, CEO Sanjay Beri sold 346,061 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $16.91, for a total value of $5,851,891.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matto Andrew H. Del sold 77,207 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $16.92, for a total transaction of $1,306,342.44. Following the completion of the sale, the chief financial officer owned 41,493 shares in the company, valued at $702,061.56. This represents a 65.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,049,721 shares of company stock valued at $18,020,279.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in Netskope by 199,900.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock worth $70,000 after acquiring an additional 3,998 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Netskope during the fourth quarter valued at about $87,000. Virtu Financial LLC grew its holdings in shares of Netskope by 239.4% during the fourth quarter. Virtu Financial LLC now owns 32,512 shares of the company’s stock worth $570,000 after purchasing an additional 22,932 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of 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 valued at $62,383,000 after buying an additional 456,321 shares during the period. Finally, XTX Topco Ltd boosted its position 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 buying an additional 2,950 shares during the period.

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.