Netskope Falls 7% as Broader Tech Weakness Appears to Drive Pullback

Netskope (NTSK) is down 7.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is that NTSK was caught in a sharp marketwide technology selloff rather than hit by a fresh company-specific negative catalyst. This could also be because investors took profits after the stock’s strong run in recent months, especially with the shares trading around or above several published analyst targets.

Details:

The Nasdaq fell steeply on October 16, 2026, with broad weakness across large technology names, creating a difficult backdrop for higher-growth software and cybersecurity stocks.

Netskope’s recent company updates have been largely constructive, including a new partnership announcement on October 14 and product launches tied to AI security earlier in October.

Its latest quarterly results, released September 2, showed revenue growth of 29% and annual recurring revenue growth of 27%, with management stating results beat guidance across every metric.

Recent SEC filings show insider-related activity in September and early October, but much of it appears tied to distributions, conversions, or tax withholding rather than an obvious open-market selloff large enough by itself to explain today’s move.

Sources:

AP News, Netskope Investor Relations, SEC, Stock Analysis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NTSK Insider Trading Activity

$NTSK insiders have traded $NTSK stock on the open market 19 times in the past 6 months. Of those trades, 7 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $NTSK stock by insiders over the last 6 months:

VENTURE PARTNERS IX, L.P. LIGHTSPEED has made 0 purchases and 5 sales selling 1,890,317 shares for an estimated $18,061,432.
VENTURE PARTNERS SELECT, L.P. LIGHTSPEED has made 0 purchases and 5 sales selling 1,890,317 shares for an estimated $18,061,432.
ARIF JANMOHAMED has made 0 purchases and 2 sales selling 1,650,000 shares for an estimated $15,099,627.
WILLIAM J.G. GRIFFITH has made 3 purchases buying 916,690 shares for an estimated $10,981,778 and 0 sales.
STRATEGIC PARTNERS VIII HOLDINGS, L.P. ICONIQ has made 4 purchases buying 916,690 shares for an estimated $10,981,746 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$NTSK Hedge Fund Activity

We have seen 138 institutional investors add shares of $NTSK stock to their portfolio, and 75 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SCGE MANAGEMENT, L.P. removed 10,950,921 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $119,803,075
CANADA PENSION PLAN INVESTMENT BOARD added 8,960,263 shares (+inf%) to their portfolio in Q2 2026, for an estimated $98,025,277
PENSERRA CAPITAL MANAGEMENT LLC added 6,697,746 shares (+inf%) to their portfolio in Q2 2026, for an estimated $73,273,341
BLACKROCK, INC. added 5,898,088 shares (+173.3%) to their portfolio in Q2 2026, for an estimated $64,525,082
FIRST TRUST ADVISORS LP added 4,225,414 shares (+40856.8%) to their portfolio in Q2 2026, for an estimated $46,226,029
CITIGROUP INC added 3,894,784 shares (+10898.8%) to their portfolio in Q2 2026, for an estimated $42,608,936
CROSSLINK CAPITAL INC added 3,270,699 shares (+4357.4%) to their portfolio in Q2 2026, for an estimated $35,781,447

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$NTSK Price Targets

Multiple analysts have issued price targets for $NTSK recently. We have seen 13 analysts offer price targets for $NTSK in the last 6 months, with a median target of $14.0.

Here are some recent targets:

Jackson Ader from Keybanc set a target price of $14.0 on 06/25/2026
Richard Poland from Wells Fargo set a target price of $13.0 on 06/05/2026
Shrenik Kothari from Baird set a target price of $16.0 on 06/04/2026
Gray Powell from BTIG set a target price of $14.0 on 06/04/2026
Rob Owens from Piper Sandler set a target price of $18.0 on 06/04/2026
Matthew Hedberg from RBC Capital set a target price of $13.0 on 06/04/2026
Keith Bachman from BMO Capital set a target price of $13.0 on 06/04/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.