Netskope (NASDAQ:NTSK) Price Target Raised to $16.00

Netskope (NASDAQ:NTSK) had its price objective lifted by analysts at JPMorgan Chase & Co. from $14.00 to $16.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 16.66% from the company’s previous close.

NTSK has been the topic of a number of other research reports. Robert W. Baird cut their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft set a $17.00 price target on Netskope in a research report on Monday, August 17th. Wells Fargo & Company upped their price target on Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Morgan Stanley reduced their price objective on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.71.

Netskope Stock Performance

NTSK opened at $13.71 on Wednesday. The firm has a fifty day moving average price of $12.63 and a 200 day moving average price of $11.16. Netskope has a 1 year low of $7.66 and a 1 year high of $27.99. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The stock has a market cap of $5.54 billion and a P/E ratio of -68.33.

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 analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million for the quarter. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Netskope will post -0.88 earnings per share for the current year.

Insider Activity

In other news, Director Arif Janmohamed sold 1,313,827 shares of the firm’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 sale, the director directly owned 336,173 shares in the company, valued at $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William J.G. Griffith purchased 610,291 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the purchase, the director owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. Insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in Netskope in the 4th quarter worth approximately $25,000. Quarry LP acquired a new stake in Netskope during the 3rd quarter valued at $41,000. Triumph Capital Management lifted its holdings in shares of Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after purchasing an additional 1,900 shares in the last quarter. Operose Advisors LLC purchased a new stake in shares of Netskope in the second quarter valued at $56,000. Finally, Wells Fargo & Company MN boosted its position in shares of Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after buying an additional 2,617 shares during the period.

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.