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)
- Last four reported quarters (through Jul 31, 2026): revenue $803M, net income -$737M (-91.8% margin), free cash flow -$70.1M (SEC filings).
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $51.2M; 7 not under a Rule 10b5-1 plan ($51.2M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 4 Form 4 filings, $22.0M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.83 on a 1–5 scale) (18 analysts), mean target USD 19.36 (range 16–28).
- Total return with dividends: 1Y -3.5% vs S&P 500 +14.9%; 5Y -10.1% vs S&P 500 +80.3%.
- Next earnings: 2026-09-02, EPS estimate USD -0.04, revenue estimate $228M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NTSK)
| USD | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|
| 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 margin | 59.8% | 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 date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-11 | Lightspeed Venture Partners Select, L.P. | 10,621 | $158K | 100% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-09-11 | Lightspeed Venture Partners Ix, L.P. | 10,621 | $158K | 100% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-07-08…2026-07-09 | Lightspeed Venture Partners Select, L.P. | 229,696 | $2.8M | 100% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-07-08…2026-07-09 | Lightspeed Venture Partners Ix, L.P. | 229,696 | $2.8M | 100% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-06-12…2026-06-15 | Janmohamed Arif | Director | 1,650,000 | $15.1M | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-12…2026-06-15 | Lightspeed Venture Partners Select, L.P. | 1,650,000 | $15.1M | 100% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-06-12…2026-06-15 | Lightspeed Venture Partners Ix, L.P. | 1,650,000 | $15.1M | 100% | No | Too 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 date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-07-10…2026-07-13 | Griffith William J.G. | Director | 306,399 | $3.8M | 12.29 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-10…2026-07-13 | Iconiq Strategic Partners Viii Holdings, L.P. | 306,399 | $3.8M | 12.29 | Too little history (no open-market trades in 2023–2025) | |
| 2026-07-08 | Iconiq Strategic Partners Viii Holdings, L.P. | 610,291 | $7.2M | 11.82 | Too little history (no open-market trades in 2023–2025) | |
| 2026-07-08 | Griffith William J.G. | Director | 610,291 | $7.2M | 11.82 | Too 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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Wells Fargo | Target raised | Overweight | $17 → $22 |
| 2026-10-08 | Amerx | Initiated | Hold | |
| 2026-10-06 | BTIG | Target raised | Buy | $18 → $22 |
| 2026-09-15 | Stephens & Co. | Initiated | Overweight | $21 |
| 2026-09-03 | JP Morgan | Target raised | Overweight | $16 → $18 |
| 2026-09-03 | BMO Capital | Target raised | Outperform | $13 → $18 |
| 2026-09-03 | Piper Sandler | Target raised | Overweight | $18 → $20 |
| 2026-09-03 | Morgan Stanley | Target raised | Overweight | $14 → $16 |
| 2026-09-03 | RBC Capital | Target raised | Outperform | $18 → $20 |
| 2026-09-03 | Rosenblatt | Target raised | Buy | $18 → $19 |
| 2026-09-03 | Baird | Target raised | Outperform | $18 → $20 |
| 2026-09-03 | BTIG | Target raised | Buy | $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)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Indirect Channels | $213.7M | 96.9% | +31.7% |
| Direct End Customers | $6.8M | 3.1% | -20.0% |
| Total revenue | $220.5M | 100% | — |
NTSK revenue by region (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $120.9M | 54.8% | +24.9% |
| United States | $95.9M | 43.5% | +25.5% |
| EMEA | $57.8M | 26.2% | +37.4% |
| Asia Pacific & Japan | $41.8M | 19.0% | +31.1% |
| Total revenue | $220.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
NTSK suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Amazon (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.” |
| Partner | Alphabet (Google) (GOOGL) | “We have also forged strong technology partnerships with leading companies such as Amazon, CrowdStrike, Google, MetTel, Microsoft, Okta, and Telstra.” |
| Partner | Microsoft (MSFT) | “We have also forged strong technology partnerships with leading companies such as Amazon, CrowdStrike, Google, MetTel, Microsoft, Okta, and Telstra.” |
| Competitor | Broadcom (AVGO) | “Our primary competitors include companies such as Broadcom, Cisco, Fortinet, Palo Alto Networks, and Zscaler.” |
| Competitor | Cisco (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)
- “A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, reconciling 2 items that may be incurred in the future, such as stock-based compensation and related employer payroll taxes, the effect of which may be significant.”
Quoted word-for-word from the SEC 8-K results press release.
NTSK analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $-0.04 | $-0.04 | -5.2% | $228.3M | 17 |
| Next quarter (ends Jan 2027) | $-0.02 | $-0.02 | +17.3% | $240.1M | 17 |
| Current fiscal year (ends Jan 2027) | $-0.15 | $-0.18 | -16.8% | $890.5M | 18 |
| Next fiscal year (ends Jan 2028) | $-0.83 | $-0.89 | -6.8% | $1.08B | 6 |
NTSK options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 67.1% | ±15.4% |
| Dec 18, 2026 | 56 | 80.3% | ±25.6% |
| Jan 15, 2027 | 84 | 77.9% | ±30.3% |
| Apr 16, 2027 | 175 | 76.2% | ±42.1% |
| Jun 17, 2027 | 237 | 78.9% | ±50.3% |
| Sep 17, 2027 | 329 | 84.9% | ±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)
| Price | USD 22.2 |
|---|---|
| Change | ▲ 1.79% (up) |
| Previous Close | USD 21.81 |
| Open | USD 21.75 |
| Day Range | USD 21.48 – 22.64 |
| 52-Week Range | USD 7.67 – 24.98 |
| Volume | 7,891,005 shares |
| Market Cap | $9.07B |
| Exchange | NMS |
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 Signal | BUY |
|---|---|
| RSI (14) | 71.51 (overbought) |
| vs SMA50 | Above (USD 17.13) |
| MACD | 1.16 (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 Rating | Buy |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 19.36 |
| High Target | USD 28 |
| Low Target | USD 16 |
| Buy / Hold / Sell | 16 / 2 / 0 |
Earnings (NTSK)
| Next Earnings Date | 2026-09-02 |
|---|---|
| EPS Estimate | USD -0.04 |
| Revenue Estimate | $228.32M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD -0.03 vs est -0.07 ▲ beat |
| 2026-04-30 | USD -0.06 vs est -0.07 ▲ beat |
| 2026-01-31 | USD -0.04 vs est -0.06 ▲ beat |
| 2025-10-31 | USD -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 / Equity | 4.67 |
| Current Ratio | 2.01 |
| 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.
| Growth | Strong — Revenue +29% YoY (latest Q) |
|---|---|
| Profitability | Solid — Gross margin 70%, operating -39% (last 12 months) |
| Balance Sheet | Weak — $1.07B cash and investments vs $698M debt (Jul 2026, SEC), net cash |
| Cash Flow | Weak — FCF negative: -$70M (last 4 quarters to Jul 2026, SEC), burning cash |
| Efficiency | Mixed — No data |
Ownership (NTSK)
| Insider Ownership | +3.62% |
|---|---|
| Institutional Ownership | +70.21% |
| Shares Outstanding | 267.13M |
| Float | 206.15M |
| 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 & Chairman | Sanjay Beri |
|---|---|
| Chief Financial Officer | Andrew H. Del Matto |
| Chief Revenue Officer | Raphael Bousquet |
| Co-founder & CTO | Krishna Narayanaswamy |
| Chief Marketing Officer | Scott 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
| Investor | Stake |
|---|---|
| ICONIQ Capital, LLC | 24.81% |
| Canada Pension Plan Investment Board | 3.35% |
| Penserra Capital Management LLC | 2.51% |
| Amplify ETF Trust-Amplify Cybersecurity ETF | 2.51% |
| First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF | 2.13% |
| GLOBAL X FUNDS-Global X Cybersecurity ETF | 2.06% |
| Sapphire Ventures, LLC | 1.89% |
| BAMCO Inc. | 1.71% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 5.6% |
| BlackRock | 3.48% |
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)
- Organizations also face significant and increasing compliance risk from a constantly evolving regulatory landscape governing data use, privacy, and the use of AI, including the European Union ("EU")'s General Data Protection Regulation ("GDPR"), Health Insurance Portability and Accountability Act of 1996 ("HIPAA"), EU-US Data Privacy Framework, Australia Privacy Act, Canada Privacy Act, Brazil's General Data Protection Law, California Consumer Privacy Act, and the EU AI Act.
- Legacy systems suffer from a number of fundamental architectural shortcomings, including: Inability to Provide Real-time Granular Inspection and Control of Digital Activity, Forcing Organizations to Block Essential Applications or Allow Them to be Used and Accept the Risks.
- Our patented technologies and our Zero Trust Engine were built from the ground up to operate at this layer, enabling us to inspect, analyze, and control traffic in real-time and at high speed.
- We further control the use of our proprietary technology and intellectual property rights through provisions in our subscription agreements
Partnerships
- We continue to expand our channel partnerships with value added resellers ("VARs"), distributors, technology alliance partners, system integrators, managed service providers ("MSPs"), and global telecommunications service providers to continue to grow efficiently.
- We collaborate with a variety of technology and ecosystem partners through direct partnership and our NCE.
Legal & Regulatory Risks (Item 1A, quoted)
- Our use of AI and ML, and the integration of AI and ML within our platform and products, may not be successful and may present business, compliance, and reputational challenges, which could lead to operational or reputational damage, competitive harm, legal and regulatory risk, and additional costs, any of which could adversely affect our business, results of operations, and financial condition.
- Claims by others that we infringe their proprietary technology or other rights, or other lawsuits asserted against us, could result in significant costs and substantially harm our business, results of operations, and financial condition.
- Risks Related to Laws and Regulations
- We expect that there will continue to be new proposed laws, regulations and industry standards concerning privacy, data protection, cybersecurity, information security, data processing, data sovereignty, and telecommunications services in jurisdictions in which we operate or may operate, and we cannot yet determine the impact such future laws, regulations and standards may have on our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| DBX | Dropbox, Inc. | USD 37.48 | ▲ 2.43% |
| S | SentinelOne, Inc. | USD 22.5 | ▼ 1.19% |
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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