Netskope, Inc. (NTSK) Stock Price & Analysis

Netskope, Inc. (NTSK) closed at USD 22.2 on Thursday, October 22, 2026, up 1.79% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 21.81; the Oct 22, 2026 session ranged USD 21.48–22.64 on volume of 7,891,005 shares. Market capitalization is $9.07B, with a 52-week range of USD 7.67–24.98 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:16 UTC.

Also available as compact Markdown for AI agents: nexqual.com/NTSK.md

Key facts (NTSK)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NTSK)

USDFY2024FY2025FY2026TTM
Revenue$407M$538M$709M$803M
Gross profit$243M$348M$483M—
Operating income-$313M-$256M-$653M-$760M
Net income-$345M-$355M-$679M-$737M
EPS (diluted)-$3.77-$3.64-$3.18—
Free cash flow-$198M-$144M$15.2M-$70.1M
Gross margin59.8%64.6%68.1%—
Operating margin-76.9%-47.5%-92.0%-94.7%
Net margin-84.8%-65.9%-95.8%-91.8%
Revenue growth—+32.3%+31.7%—
Cash + short-term investments—$247M$1.16B—
Total debt—$627M$721M—

Fiscal years end Jan. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jul 31, 2026) (NTSK)

P/S 11.3x · EV/Sales 10.8x · P/B 57.9x · FCF yield -0.77% · Earnings yield -8.13% · Net cash $369M · EV $8.70B

Insider sales (SEC Form 4, open-market, last ~7 months) (NTSK)

0 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-09-11Lightspeed Venture Partners Select, L.P.10,621$158K100%NoToo little history (no open-market trades in 2023–2025)
2026-09-11Lightspeed Venture Partners Ix, L.P.10,621$158K100%NoToo little history (no open-market trades in 2023–2025)
2026-07-08…2026-07-09Lightspeed Venture Partners Select, L.P.229,696$2.8M100%NoToo little history (no open-market trades in 2023–2025)
2026-07-08…2026-07-09Lightspeed Venture Partners Ix, L.P.229,696$2.8M100%NoToo little history (no open-market trades in 2023–2025)
2026-06-12…2026-06-15Janmohamed ArifDirector1,650,000$15.1M100%NoToo little history (no open-market trades in 2023–2025)
2026-06-12…2026-06-15Lightspeed Venture Partners Select, L.P.1,650,000$15.1M100%NoToo little history (no open-market trades in 2023–2025)
2026-06-12…2026-06-15Lightspeed Venture Partners Ix, L.P.1,650,000$15.1M100%NoToo little history (no open-market trades in 2023–2025)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Insider purchases (SEC Form 4, open-market, last ~7 months) (NTSK)

4 purchases, $22.0M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.

Trade dateInsiderRoleSharesValueAvg priceInsider type
2026-07-10…2026-07-13Griffith William J.G.Director306,399$3.8M12.29Too little history (no open-market trades in 2023 or 2024)
2026-07-10…2026-07-13Iconiq Strategic Partners Viii Holdings, L.P.306,399$3.8M12.29Too little history (no open-market trades in 2023–2025)
2026-07-08Iconiq Strategic Partners Viii Holdings, L.P.610,291$7.2M11.82Too little history (no open-market trades in 2023–2025)
2026-07-08Griffith William J.G.Director610,291$7.2M11.82Too little history (no open-market trades in 2023 or 2024)

Analysts (NTSK)

Consensus Buy (mean 1.83 on a 1–5 scale), 18 analysts; mean target USD 19.36 (low 16, high 28).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-15Wells FargoTarget raisedOverweight$17 → $22
2026-10-08AmerxInitiatedHold
2026-10-06BTIGTarget raisedBuy$18 → $22
2026-09-15Stephens & Co.InitiatedOverweight$21
2026-09-03JP MorganTarget raisedOverweight$16 → $18
2026-09-03BMO CapitalTarget raisedOutperform$13 → $18
2026-09-03Piper SandlerTarget raisedOverweight$18 → $20
2026-09-03Morgan StanleyTarget raisedOverweight$14 → $16
2026-09-03RBC CapitalTarget raisedOutperform$18 → $20
2026-09-03RosenblattTarget raisedBuy$18 → $19
2026-09-03BairdTarget raisedOutperform$18 → $20
2026-09-03BTIGTarget raisedBuy$17 → $18

Total return (dividends reinvested) (NTSK)

1Y (from 2025-10-23)5Y (from 2025-09-15)
Total return-3.5%-10.1%
S&P 500 (SPY)+14.9%+80.3%
Per year-3.5%-9.2%
Volatility (annualized)76.9%70.5%
Max drawdown-68.1% (Nov 2025→Mar 2026)-68.7% (Sep 2025→Mar 2026)

NTSK revenue by product line (quarter ended Jul 31, 2026)

LineRevenueShare of totalYoY
Indirect Channels$213.7M96.9%+31.7%
Direct End Customers$6.8M3.1%-20.0%
Total revenue$220.5M100%—

NTSK revenue by region (quarter ended Jul 31, 2026)

LineRevenueShare of totalYoY
Americas$120.9M54.8%+24.9%
United States$95.9M43.5%+25.5%
EMEA$57.8M26.2%+37.4%
Asia Pacific & Japan$41.8M19.0%+31.1%
Total revenue$220.5M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

NTSK suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
CustomerAmazon (AMZN)“We also engage in regional events that target specific industries or customer personas, as well as large tradeshows such as the RSA Conference, AWS re:Invent, and Black Hat.”
PartnerAlphabet (Google) (GOOGL)“We have also forged strong technology partnerships with leading companies such as Amazon, CrowdStrike, Google, MetTel, Microsoft, Okta, and Telstra.”
PartnerMicrosoft (MSFT)“We have also forged strong technology partnerships with leading companies such as Amazon, CrowdStrike, Google, MetTel, Microsoft, Okta, and Telstra.”
CompetitorBroadcom (AVGO)“Our primary competitors include companies such as Broadcom, Cisco, Fortinet, Palo Alto Networks, and Zscaler.”
CompetitorCisco (CSCO)“Our primary competitors include companies such as Broadcom, Cisco, Fortinet, Palo Alto Networks, and Zscaler.”

Quoted from the company's 10-K filed Mar 31, 2026.

NTSK customer concentration

In the period ended Jul 31, 2026, 4 direct customers each accounted for at least 10% (15%, 10%, 10%, 10%) of revenue, per the company's 10-Q filed Sep 2, 2026. The company does not name them.

NTSK company outlook (results filed Sep 2, 2026)

Quoted word-for-word from the SEC 8-K results press release.

NTSK analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Oct 2026)$-0.04$-0.04-5.2%$228.3M17
Next quarter (ends Jan 2027)$-0.02$-0.02+17.3%$240.1M17
Current fiscal year (ends Jan 2027)$-0.15$-0.18-16.8%$890.5M18
Next fiscal year (ends Jan 2028)$-0.83$-0.89-6.8%$1.08B6

NTSK options: expected move

ExpirationDaysATM implied volatilityExpected move
Nov 20, 20262867.1%±15.4%
Dec 18, 20265680.3%±25.6%
Jan 15, 20278477.9%±30.3%
Apr 16, 202717576.2%±42.1%
Jun 17, 202723778.9%±50.3%
Sep 17, 202732984.9%±62.8%

30-day implied volatility 67% vs 68.6% realized over the last 30 trading days. Put/call ratio (volume) 0.19. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 09:16 UTC)

PriceUSD 22.2
Change▲ 1.79% (up)
Previous CloseUSD 21.81
OpenUSD 21.75
Day RangeUSD 21.48 – 22.64
52-Week RangeUSD 7.67 – 24.98
Volume7,891,005 shares
Market Cap$9.07B
ExchangeNMS

Technical Analysis (NTSK)

Nexqual's technical model rates NTSK "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:16 UTC.

Overall SignalBUY
RSI (14)71.51 (overbought)
vs SMA50Above (USD 17.13)
MACD1.16 (positive)

Analyst Ratings (NTSK)

Wall Street analysts rate NTSK "Buy" based on 18 analysts, with a mean price target of USD 19.36 (range USD 16–28), per Nexqual as of October 23, 2026 at 09:16 UTC.

Consensus RatingBuy
Analyst Count18
Mean TargetUSD 19.36
High TargetUSD 28
Low TargetUSD 16
Buy / Hold / Sell16 / 2 / 0

Earnings (NTSK)

Next Earnings Date2026-09-02
EPS EstimateUSD -0.04
Revenue Estimate$228.32M

Recent Earnings History

QuarterActual vs Estimate
2026-07-31USD -0.03 vs est -0.07 ▲ beat
2026-04-30USD -0.06 vs est -0.07 ▲ beat
2026-01-31USD -0.04 vs est -0.06 ▲ beat
2025-10-31USD -0.1 vs est -0.25 ▲ beat

Source: Nexqual, October 23, 2026 at 09:16 UTC.

Financials & Fundamentals (NTSK)

Total Revenue$802.64M
Revenue Growth (latest quarter, YoY)+29.20%
Gross Margin+69.92%
Operating Margin-39.13%
Profit Margin-91.84%
Debt / Equity4.67
Current Ratio2.01
Total Cash$1.07B
Total Debt$732.23M
Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K)-$70.14M (-8.7% of revenue)

Source: Nexqual, October 23, 2026 at 09:16 UTC.

Financial Health Score (NTSK)

Nexqual rates Netskope, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:16 UTC.

GrowthStrong — Revenue +29% YoY (latest Q)
ProfitabilitySolid — Gross margin 70%, operating -39% (last 12 months)
Balance SheetWeak — $1.07B cash and investments vs $698M debt (Jul 2026, SEC), net cash
Cash FlowWeak — FCF negative: -$70M (last 4 quarters to Jul 2026, SEC), burning cash
EfficiencyMixed — No data

Ownership (NTSK)

Insider Ownership+3.62%
Institutional Ownership+70.21%
Shares Outstanding267.13M
Float206.15M
Short % of Float+9.71%

Source: Nexqual, October 23, 2026 at 09:16 UTC.

Leadership (NTSK)

Netskope, Inc. is led by Sanjay Beri, Co-Founder, CEO & Chairman, per Nexqual as of October 23, 2026 at 09:16 UTC.

Co-Founder, CEO & ChairmanSanjay Beri
Chief Financial OfficerAndrew H. Del Matto
Chief Revenue OfficerRaphael Bousquet
Co-founder & CTOKrishna Narayanaswamy
Chief Marketing OfficerScott Hogrefe

Major Backers & Investors (NTSK)

Notable institutional backers of Netskope, Inc. include ICONIQ Capital, LLC, Canada Pension Plan Investment Board, Penserra Capital Management LLC, according to Nexqual as of October 23, 2026 at 09:16 UTC.

Active Investors

InvestorStake
ICONIQ Capital, LLC24.81%
Canada Pension Plan Investment Board3.35%
Penserra Capital Management LLC2.51%
Amplify ETF Trust-Amplify Cybersecurity ETF2.51%
First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF2.13%
GLOBAL X FUNDS-Global X Cybersecurity ETF2.06%
Sapphire Ventures, LLC1.89%
BAMCO Inc.1.71%

Index Funds (Passive)

FundStake
Vanguard Group5.6%
BlackRock3.48%

Source: Nexqual, October 23, 2026 at 09:16 UTC.

From Netskope, Inc.'s Latest SEC 10-K Filing (filed 2026-03-31)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:16 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt