Netskope Inc. (NASDAQ:NTSK) Stock Has Average Target Price of $19.12 According to Brokerages

Shares of Netskope Inc. (NASDAQ:NTSK) have earned an average recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $19.12.

A number of research firms have issued reports on NTSK. Rosenblatt Securities raised their target price on Netskope from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Robert W. Baird boosted their price objective on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netskope in a report on Wednesday, July 8th. Mizuho set a $16.00 target price on shares of Netskope in a research report on Wednesday, August 19th. Finally, BTIG Research lifted their target price on shares of Netskope from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd.

Insider Activity at Netskope

In related news, major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of Netskope stock in a transaction dated Wednesday, July 8th. The stock was bought at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the transaction, the insider owned 610,291 shares in the company, valued at $7,213,639.62. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William J.G. Griffith acquired 610,291 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were bought at an average price of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the purchase, the director owned 610,291 shares in the company, valued at $7,213,639.62. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 1,833,380 shares of company stock worth $21,960,909 and sold 240,317 shares worth $2,961,806. 25.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NTSK. Principal Financial Group Inc. grew its stake in Netskope by 31.4% during the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock valued at $21,628,000 after acquiring an additional 608,355 shares in the last quarter. Wasatch Advisors LP purchased a new stake in Netskope in the 2nd quarter worth approximately $25,107,000. Capital Research Global Investors boosted its holdings in Netskope by 7.7% in the 4th quarter. Capital Research Global Investors now owns 2,261,418 shares of the company’s stock valued at $39,665,000 after purchasing an additional 161,418 shares during the period. BIT Capital GmbH bought a new position in Netskope in the 4th quarter valued at $27,683,000. Finally, Weiss Asset Management LP purchased a new position in shares of Netskope during the 1st quarter valued at $8,957,000.

Netskope Stock Down 0.6%

Netskope stock opened at $17.75 on Monday. Netskope has a twelve month low of $7.66 and a twelve month high of $24.98. The firm has a 50 day moving average price of $15.29 and a 200-day moving average price of $12.14. The company has a market capitalization of $7.25 billion and a P/E ratio of -6.96. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 4.45.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.23. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. The company had revenue of $220.54 million during the quarter. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. As a group, equities analysts predict that Netskope will post -0.82 EPS for the current year.

Netskope Company Profile

Netskope, Inc is a cloud security company that provides technology for protecting data, users, applications and networks in modern digital environments. Its platform is designed to help organizations secure access to cloud services, web applications, private applications and other internet-connected resources while supporting distributed workforces and hybrid IT infrastructures.

The company’s products include cloud access security broker (CASB) capabilities, secure web gateway services, zero trust network access, data loss prevention, cloud firewall functionality and security analytics.