Netskope (NASDAQ:NTSK) Trading Down 4.4% – Should You Sell?

Netskope Inc. (NASDAQ:NTSK)’s stock price traded down 4.4% during trading on Wednesday . The company traded as low as $8.42 and last traded at $8.4150. 2,565,676 shares changed hands during trading, a decline of 29% from the average session volume of 3,633,916 shares. The stock had previously closed at $8.80.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NTSK shares. Wells Fargo & Company started 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. Citizens Jmp reduced their target price on Netskope from $27.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, March 12th. TD Cowen decreased their target price on Netskope from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Morgan Stanley dropped their price target 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Netskope in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.89.

Netskope Trading Down 3.6%

The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market cap of $3.33 billion and a P/E ratio of -60.57. The stock has a fifty day moving average price of $12.14.

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

Insider Activity at Netskope

In related news, CRO Raphael Bousquet sold 3,823 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $16.66, for a total value of $63,691.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Beri sold 346,061 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $16.91, for a total value of $5,851,891.51. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,049,721 shares of company stock valued at $18,020,279.

Hedge Funds Weigh In On Netskope

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its holdings in Netskope by 199,900.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock valued at $70,000 after acquiring an additional 3,998 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Netskope in the 4th quarter worth approximately $87,000. Virtu Financial LLC boosted its holdings in shares of Netskope by 239.4% during the 4th 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. grew its position 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 purchasing an additional 456,321 shares in the last quarter. Finally, XTX Topco Ltd grew its position in shares of Netskope by 11.3% in the fourth quarter. XTX Topco Ltd now owns 28,956 shares of the company’s stock valued at $508,000 after purchasing an additional 2,950 shares in the last quarter.

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.