Netskope Inc. (NASDAQ:NTSK) Short Interest Up 67.1% in May

Netskope Inc. (NASDAQ:NTSK) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 11,628,306 shares, an increase of 67.1% from the April 30th total of 6,957,285 shares. Based on an average trading volume of 3,625,899 shares, the short-interest ratio is currently 3.2 days. Currently, 2.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NTSK. ICONIQ Capital LLC acquired a new position in shares of Netskope during the third quarter valued at about $1,506,261,000. Scge Management L.P. acquired a new stake in shares of Netskope in the 3rd quarter worth about $312,104,000. Vanguard Group Inc. acquired a new stake in shares of Netskope in the 3rd quarter worth about $80,006,000. Public Sector Pension Investment Board bought a new position in Netskope in the 4th quarter valued at about $60,882,000. Finally, TimesSquare Capital Management LLC acquired a new position in Netskope during the 3rd quarter valued at about $61,833,000.

Netskope Stock Down 19.1%

Shares of NASDAQ:NTSK opened at $10.03 on Friday. The company has a debt-to-equity ratio of 3.71, a quick ratio of 2.12 and a current ratio of 2.13. Netskope has a 52-week low of $7.66 and a 52-week high of $27.99. The business’s 50 day simple moving average is $10.26 and its two-hundred day simple moving average is $13.42. The firm has a market cap of $4.02 billion and a P/E ratio of -71.64.

Netskope (NASDAQ:NTSK) last released its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. As a group, research analysts forecast that Netskope will post -0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NTSK. Citizens Jmp cut their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Friday, May 1st. BTIG Research dropped their price target on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley cut their price target on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday. William Blair set a $21.00 price objective on shares of Netskope in a research note on Thursday, March 12th. Finally, TD Cowen cut their target price on shares of Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Netskope presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.21.

Key Stories Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported adjusted EPS of $(0.06), slightly better than the $(0.07) consensus, while revenue rose 27.8% year over year to $201.6 million. Netskope earnings report
• Positive Sentiment: The company also guided above analyst expectations for both Q2 and full-year FY2027 revenue and EPS, which supports the long-term growth story. Netskope financial results release
• Neutral Sentiment: Management highlighted strong revenue growth and AI-related product launches during the earnings call, reinforcing Netskope’s positioning in cloud and AI security. Earnings call highlights
• Negative Sentiment: Investors appear focused on the fact that recurring revenue came in with a lighter-than-hoped beat, which overshadowed the earnings and revenue upside. Analyst reaction to recurring revenue
• Negative Sentiment: Multiple brokerages lowered price targets on the stock, including RBC, BMO, Baird, and BTIG, even though most kept positive ratings. That wave of target cuts likely added pressure on shares. Price target cuts article

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.