Netskope (NASDAQ:NTSK) Trading Down 4.4% – Time to Sell?

Netskope Inc. (NASDAQ:NTSK)’s share 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 Ratings Changes

NTSK has been the subject of several analyst reports. Oppenheimer restated an “outperform” rating and issued a $19.00 target price (down from $23.00) on shares of Netskope in a 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. Robert W. Baird dropped their price objective on shares of Netskope from $27.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Netskope in a research report on Monday, December 29th. Finally, Citizens Jmp decreased their target price on shares of Netskope from $27.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.89.

Netskope Price Performance

The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 5.17. The firm has a market capitalization of $3.33 billion and a P/E ratio of -60.57. The business has a 50 day simple moving average of $12.14.

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

Insider Buying and Selling at Netskope

In other Netskope news, CEO Sanjay Beri sold 346,061 shares of Netskope stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $16.91, for a total transaction of $5,851,891.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Raphael Bousquet sold 3,823 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $16.66, for a total transaction of $63,691.18. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,049,721 shares of company stock valued at $18,020,279 over the last 90 days.

Institutional Trading of Netskope

Institutional investors have recently added to or reduced their stakes in the stock. ICONIQ Capital LLC acquired a new position in Netskope during the third quarter worth $1,506,261,000. Scge Management L.P. acquired a new stake in shares of Netskope in the third quarter valued at $312,104,000. Vanguard Group Inc. acquired a new stake in shares of Netskope in the third quarter valued at $80,006,000. Public Sector Pension Investment Board purchased a new stake in shares of Netskope in the 4th quarter valued at $60,882,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Netskope in the 3rd quarter valued at $72,463,000.

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.