Netskope (NASDAQ:NTSK) Stock Rating Lowered by Mizuho

Netskope (NASDAQ:NTSK) was downgraded by Mizuho from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also commented on NTSK. Robert W. Baird reduced their price target on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Royal Bank Of Canada raised their price objective on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Citizens Jmp cut their price objective on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st. Morgan Stanley decreased their target price on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. Finally, KeyCorp raised their price target on shares of Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.79.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $14.70 on Wednesday. The firm has a market cap of $5.94 billion and a PE ratio of -73.50. The firm’s fifty day moving average is $12.21 and its 200-day moving average is $11.15. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million during 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. Sell-side analysts predict that Netskope will post -0.88 earnings per share for the current year.

Insiders Place Their Bets

In other Netskope news, Director William J.G. Griffith bought 610,291 shares of the stock in a transaction on Wednesday, July 8th. The stock was acquired at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the acquisition, the director owned 610,291 shares in the company, valued at $7,213,639.62. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was acquired at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the purchase, the insider owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Institutional Trading of Netskope

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new position in shares of Netskope during the 3rd quarter valued at $249,000. Legal & General Group Plc acquired a new stake in Netskope in the third quarter worth $1,677,000. Franklin Resources Inc. bought a new stake in Netskope in the third quarter valued at $17,460,000. Invesco Ltd. acquired a new position in shares of Netskope during the third quarter valued at about $10,327,000. Finally, Squarepoint Ops LLC bought a new position in shares of Netskope during the 3rd quarter worth about $14,774,000.

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.