Netskope Inc. (NASDAQ:NTSK) Stock Has Average Target Price of $18.75

Shares of Netskope Inc. (NASDAQ:NTSK) have been assigned an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.75.

A number of research firms recently weighed in on NTSK. Piper Sandler increased their price objective on shares of Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Wells Fargo & Company boosted their target price on shares of Netskope from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Morgan Stanley boosted their target price on shares of Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Royal Bank Of Canada upped their target price on shares of Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Finally, Rosenblatt Securities raised their price target on shares of Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd.

Insider Activity

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $14.90, for a total transaction of $158,252.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 25.52% of the company’s stock.

Institutional Trading of Netskope

Several large investors have recently added to or reduced their stakes in NTSK. Principal Financial Group Inc. grew its stake in shares of Netskope by 31.4% in the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after purchasing an additional 608,355 shares in the last quarter. Wasatch Advisors LP acquired a new stake in Netskope during the second quarter valued at approximately $25,107,000. Weiss Asset Management LP acquired a new stake in shares of Netskope during the 1st quarter valued at $8,957,000. New York Life Insurance Co. purchased a new stake in shares of Netskope during the second quarter valued at $11,325,580. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Netskope by 117.5% during the first quarter. Stephens Investment Management Group LLC now owns 977,786 shares of the company’s stock valued at $8,301,000 after purchasing an additional 528,164 shares during the last quarter.

Netskope Stock Performance

Shares of NTSK opened at $24.28 on Friday. Netskope has a 12-month low of $7.66 and a 12-month high of $24.98. The business’s fifty day moving average price is $17.25 and its 200 day moving average price is $13.38. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00. The stock has a market capitalization of $9.92 billion and a PE ratio of -9.52.

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

About Netskope

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.