Netskope (NASDAQ:NTSK) Trading Down 6.3% – Time to Sell?

Shares of Netskope Inc. (NASDAQ:NTSK) fell 6.3% during mid-day trading on Wednesday . The stock traded as low as $14.55 and last traded at $14.4040. 229,726 shares traded hands during trading, a decline of 95% from the average daily volume of 4,624,096 shares. The stock had previously closed at $15.37.

Wall Street Analyst Weigh In

NTSK has been the subject of several analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $19.00 target price on shares of Netskope in a research note on Wednesday. Wells Fargo & Company lifted their price target on Netskope from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Monday. Mizuho set a $16.00 price objective on shares of Netskope in a report on Wednesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. Finally, Robert W. Baird decreased their target price on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.79.

Netskope Stock Down 5.1%

The stock has a fifty day moving average price of $12.08 and a 200-day moving average price of $11.15. The firm has a market cap of $5.89 billion and a PE ratio of -72.98. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. The business’s revenue for the quarter 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. Research analysts expect that Netskope Inc. will post -0.88 EPS for the current year.

Insider Buying and Selling at Netskope

In other Netskope news, Director William J.G. Griffith bought 64,771 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were acquired at an average price of $12.42 per share, with a total value of $804,455.82. Following the purchase, the director owned 916,690 shares in the company, valued at approximately $11,385,289.80. The trade was a 7.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of Netskope stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $12.23, for a total transaction of $2,679,287.25. The SEC filing for this sale provides additional information. Over the last three months, insiders purchased 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Institutional Investors Weigh In On Netskope

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in shares of Netskope in the fourth quarter valued at about $25,000. Quarry LP acquired a new position in Netskope during the 3rd quarter worth approximately $41,000. Triumph Capital Management boosted its holdings in 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 acquiring an additional 1,900 shares during the period. Wells Fargo & Company MN boosted 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 worth $63,000 after acquiring an additional 2,617 shares during the period. Finally, Leonteq Securities AG acquired a new stake in Netskope in the fourth quarter valued at approximately $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.