Brokerages Set Netskope Inc. (NASDAQ:NTSK) Price Target at $17.11

Netskope Inc. (NASDAQ:NTSK) has been given a consensus rating of “Moderate Buy” by the twenty analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $17.2105.

A number of equities research analysts have recently issued reports on the company. KeyCorp upped their price objective on Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday. Rosenblatt Securities assumed coverage on Netskope in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 target price on the stock. Robert W. Baird lowered their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Oppenheimer dropped their price objective on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Finally, TD Cowen cut their price objective on shares of Netskope from $25.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, June 4th.

Insider Buying and Selling at Netskope

In related news, major shareholder Iconiq Strategic Partners Viii purchased 64,771 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was acquired at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the purchase, the insider owned 916,690 shares in the company, valued at approximately $11,385,289.80. This represents a 7.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J.G. Griffith purchased 64,771 shares of Netskope stock in a transaction that occurred on Monday, July 13th. The shares were bought at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the transaction, the director directly owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL bought a new position in shares of Netskope in the third quarter worth about $3,928,000. Swedbank AB bought a new stake in shares of Netskope during the 4th quarter valued at approximately $1,801,000. OFI Invest Asset Management bought a new stake in shares of Netskope during the 4th quarter valued at approximately $15,889,000. Hudson Bay Capital Management LP acquired a new position in Netskope during the 3rd quarter worth approximately $5,891,000. Finally, Massachusetts Financial Services Co. MA increased its position in Netskope by 11.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock worth $62,469,000 after purchasing an additional 373,529 shares in the last quarter.

Netskope Price Performance

Netskope stock opened at $13.59 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. Netskope has a 1-year low of $7.66 and a 1-year high of $27.99. The company has a fifty day simple moving average of $11.01 and a 200 day simple moving average of $11.55. The company has a market cap of $5.49 billion and a P/E ratio of -67.95.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million for the quarter. Netskope’s quarterly revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Research analysts anticipate that Netskope will post -0.88 earnings per share for the current fiscal year.

Netskope Company Profile

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.