TD Cowen Reaffirms “Buy” Rating for Netskope (NASDAQ:NTSK)

Netskope (NASDAQ:NTSK)‘s stock had its “buy” rating restated by stock analysts at TD Cowen in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $19.00 price objective on the stock. TD Cowen’s price target suggests a potential upside of 24.43% from the stock’s previous close.

NTSK has been the topic of several other reports. Piper Sandler cut their price target on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, June 4th. Robert W. Baird decreased their price objective on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Royal Bank Of Canada boosted their target price on Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday. BTIG Research cut their target price on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Finally, Oppenheimer reduced their price target on Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.47.

Netskope Trading Down 3.4%

NASDAQ NTSK traded down $0.54 on Monday, hitting $15.27. 1,511,431 shares of the stock were exchanged, compared to its average volume of 4,643,342. 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. The firm has a market capitalization of $6.17 billion and a P/E ratio of -76.25. The stock has a fifty day moving average price of $11.84 and a two-hundred day moving average price of $11.16.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The company’s quarterly revenue was up 27.8% on a year-over-year basis. 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 forecast that Netskope will post -0.88 EPS for the current fiscal year.

Insider Activity at Netskope

In related news, Director William J.G. Griffith bought 610,291 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were acquired at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the purchase, the director directly owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the transaction, the insider owned 336,173 shares in the company, valued at $3,089,429.87. This represents a 79.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders purchased 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. Company insiders own 25.52% of the company’s stock.

Institutional Trading of Netskope

Several institutional investors and hedge funds have recently modified their holdings of the stock. Scge Management L.P. bought a new position in shares of Netskope during the 3rd quarter worth $312,104,000. Vanguard Group Inc. raised its holdings in shares of Netskope by 51.5% in the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock valued at $93,536,000 after acquiring an additional 1,812,857 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Netskope by 14.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock worth $62,383,000 after acquiring an additional 456,321 shares during the period. Public Sector Pension Investment Board purchased a new stake in Netskope in the fourth quarter worth about $60,882,000. Finally, TimesSquare Capital Management LLC grew its holdings in Netskope by 15.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,135,851 shares of the company’s stock worth $55,003,000 after acquiring an additional 415,505 shares in the last quarter.

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.