Netskope (NASDAQ:NTSK) Shares Up 7.2% – Time to Buy?

Netskope Inc. (NASDAQ:NTSK) shot up 7.2% on Friday . The company traded as high as $9.06 and last traded at $9.3350. 618,793 shares changed hands during trading, a decline of 85% from the average session volume of 4,197,883 shares. The stock had previously closed at $8.71.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTSK. BTIG Research reduced their price objective on Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. TD Cowen cut their price target on Netskope from $25.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Robert W. Baird lowered their price target on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Finally, Oppenheimer dropped their price objective on Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.16.

Netskope Stock Performance

The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The firm has a fifty day simple moving average of $10.36 and a 200 day simple moving average of $13.06. The company has a market capitalization of $3.65 billion and a price-to-earnings ratio of -45.20.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, analysts anticipate that Netskope Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Netskope

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in Netskope during the 4th quarter worth approximately $25,000. Quarry LP purchased a new stake in Netskope during the 3rd quarter worth approximately $41,000. Triumph Capital Management increased its stake in Netskope by 380.0% during 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 increased its stake in Netskope by 261.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after buying an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Netskope during the 4th quarter worth approximately $64,000.

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.