Netskope Inc. (NASDAQ:NTSK) Receives Average Rating of “Moderate Buy” from Analysts

Netskope Inc. (NASDAQ:NTSK) has received an average recommendation of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.2105.

NTSK has been the subject of several recent analyst reports. Piper Sandler cut their price objective on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. Citizens Jmp dropped their target price on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. Mizuho cut their price target on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Oppenheimer cut their price target on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Finally, Royal Bank Of Canada set a $18.00 price objective on shares of Netskope in a research note on Thursday, June 4th.

Insiders Place Their Bets

In other Netskope news, major shareholder Iconiq Strategic Partners Viii purchased 64,771 shares of the stock in a transaction dated Monday, July 13th. The stock was bought at an average price of $12.42 per share, with a total value of $804,455.82. Following the acquisition, the insider owned 916,690 shares of the company’s stock, valued at approximately $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $12.23, for a total value of $2,679,287.25. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have bought 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. Insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

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

Netskope Stock Performance

NASDAQ:NTSK opened at $13.33 on Wednesday. The stock has a fifty day moving average price of $11.11 and a 200-day moving average price of $11.49. The company has a market cap of $5.38 billion and a price-to-earnings ratio of -66.65. 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 fifty-two week low of $7.66 and a fifty-two week high of $27.99.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Netskope will post -0.88 EPS for the current fiscal year.

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.