Netskope Inc. (NASDAQ:NTSK) Sees Large Decrease in Short Interest

Netskope Inc. (NASDAQ:NTSK) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 6,957,285 shares, a decrease of 54.1% from the April 15th total of 15,166,604 shares. Based on an average daily volume of 3,709,862 shares, the short-interest ratio is presently 1.9 days. Approximately 1.7% of the company’s shares are short sold.

Netskope Trading Up 2.7%

Shares of Netskope stock traded up $0.30 during trading hours on Friday, reaching $11.22. The stock had a trading volume of 2,896,822 shares, compared to its average volume of 3,624,083. The firm has a 50 day simple moving average of $9.87 and a two-hundred day simple moving average of $14.53. The firm has a market capitalization of $4.49 billion and a price-to-earnings ratio of -80.14. The company has a current ratio of 2.13, a quick ratio of 2.12 and a debt-to-equity ratio of 3.71. Netskope has a 1 year low of $7.66 and a 1 year high of $27.99.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $196.33 million for the quarter. The business’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. As a group, equities research analysts anticipate that Netskope will post -0.19 earnings per share for the current year.

Institutional Trading of Netskope

A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in shares of Netskope in the fourth quarter valued at $25,000. Quarry LP purchased a new stake in Netskope during the 3rd quarter worth $41,000. Triumph Capital Management lifted 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 buying an additional 1,900 shares in the last quarter. Wells Fargo & Company MN boosted its position 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 last quarter. Finally, Leonteq Securities AG purchased a new position in Netskope in the 4th quarter valued at about $64,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NTSK. TD Cowen dropped their price target on shares of Netskope from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Netskope in a report on Friday, March 27th. FBN Securities started coverage on Netskope in a research report on Wednesday, February 25th. They set an “outperform” rating and a $15.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Finally, William Blair set a $21.00 price objective on Netskope in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.26.

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.