Netskope (NASDAQ:NTSK) Releases Quarterly Earnings Results

Netskope (NASDAQ:NTSK) issued its earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $196.33 million during the quarter. Netskope updated its Q1 2027 guidance to -0.070–0.060 EPS and its FY 2027 guidance to -0.190–0.190 EPS.

Netskope Price Performance

NTSK traded up $0.12 on Wednesday, reaching $12.13. The company’s stock had a trading volume of 5,847,897 shares, compared to its average volume of 2,841,419. Netskope has a 1 year low of $9.13 and a 1 year high of $27.99. The firm has a 50 day moving average of $13.61. The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market cap of $4.77 billion and a PE ratio of -121.30.

Insider Buying and Selling at Netskope

In other news, CRO Raphael Bousquet sold 3,823 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $16.66, for a total transaction of $63,691.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Beri sold 346,061 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $16.91, for a total transaction of $5,851,891.51. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,049,721 shares of company stock valued at $18,020,279 in the last three months.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. ICONIQ Capital LLC bought a new stake in shares of Netskope in the 3rd quarter valued at approximately $1,506,261,000. Scge Management L.P. bought a new position in Netskope during the third quarter worth $312,104,000. Vanguard Group Inc. acquired a new position in Netskope in the third quarter worth $80,006,000. Public Sector Pension Investment Board bought a new stake in Netskope during the fourth quarter valued at $60,882,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Netskope during the third quarter valued at $72,463,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NTSK shares. KeyCorp dropped their price objective on shares of Netskope from $24.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Netskope in a research note on Wednesday, February 11th. TD Cowen lowered their target price on Netskope from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Oppenheimer dropped their target price on Netskope from $28.00 to $23.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Finally, Wells Fargo & Company initiated coverage on Netskope in a research report on Tuesday, March 3rd. They set an “overweight” rating and a $13.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.47.

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.