Netskope (NASDAQ:NTSK) Shares Gap Down – Should You Sell?

Netskope Inc. (NASDAQ:NTSK)’s share price gapped down prior to trading 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NTSK. 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. BTIG Research reduced their price target on shares of Netskope from $22.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Royal Bank Of Canada reduced their price target on shares of Netskope from $19.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. William Blair set a $21.00 price target on shares of Netskope in a research report on Thursday, March 12th. Finally, Piper Sandler reduced their price target on shares of Netskope from $28.00 to $21.00 and set an “overweight” rating on the stock 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.42.

Netskope Trading Down 8.9%

The business has a 50 day moving average of $9.93 and a 200-day moving average of $13.89. The company has a current ratio of 2.13, a quick ratio of 2.12 and a debt-to-equity ratio of 3.71. The firm has a market capitalization of $4.42 billion and a P/E ratio of -78.47.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share (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. Netskope’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. Analysts anticipate that Netskope Inc. will post -0.19 EPS for the current fiscal year.

Institutional Trading of Netskope

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in shares of Netskope by 36.7% during the 1st quarter. Bank of America Corp DE now owns 139,103 shares of the company’s stock worth $1,181,000 after acquiring an additional 37,375 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Netskope during the 1st quarter worth approximately $281,000. California State Teachers Retirement System bought a new position in shares of Netskope during the 1st quarter worth approximately $506,000. SummitTX Capital L.P. bought a new position in shares of Netskope during the 1st quarter worth approximately $88,000. Finally, Weiss Asset Management LP bought a new position in shares of Netskope during the 1st quarter worth approximately $8,957,000.

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.