Netskope Inc. (NASDAQ:NTSK) Short Interest Down 54.1% in April
by Scott Moore · The Cerbat GemNetskope Inc. (NASDAQ:NTSK – Get Free Report) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 6,957,285 shares, a decline of 54.1% from the April 15th total of 15,166,604 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average trading volume of 3,709,862 shares, the days-to-cover ratio is currently 1.9 days.
Institutional Investors Weigh In On Netskope
Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new stake in Netskope in the fourth quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Netskope during the third quarter valued at approximately $41,000. Triumph Capital Management increased its holdings in shares of Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after acquiring an additional 1,900 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Netskope by 261.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Netskope during the fourth quarter valued at approximately $64,000.
Analysts Set New Price Targets
A number of research firms recently commented on NTSK. Royal Bank Of Canada cut their price objective on Netskope from $19.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. FBN Securities began coverage on Netskope in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $15.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Robert W. Baird cut their price objective on Netskope from $27.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Finally, Rosenblatt Securities began coverage on Netskope in a research note on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.26.
View Our Latest Stock Analysis on Netskope
Netskope Trading Up 2.7%
NTSK stock traded up $0.30 during mid-day trading on Friday, reaching $11.22. The company’s stock had a trading volume of 2,896,822 shares, compared to its average volume of 3,624,083. The company has a market cap of $4.49 billion and a price-to-earnings ratio of -80.14. The business’s 50 day moving average price is $9.87 and its 200 day moving average price is $14.53. The company has a current ratio of 2.13, a quick ratio of 2.12 and a debt-to-equity ratio of 3.71. Netskope has a 12 month low of $7.66 and a 12 month high of $27.99.
Netskope (NASDAQ:NTSK – Get Free Report) last issued its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $196.33 million during the quarter. The firm’s quarterly revenue 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. On average, equities research analysts predict that Netskope will post -0.19 EPS for the current year.
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.