Netskope (NASDAQ:NTSK) Stock Lifted to Strong-Buy by Zacks Research

Zacks Research upgraded shares of Netskope (NASDAQ:NTSK) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks reports.

Several other analysts have also recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. KeyCorp upped their target price on Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a report on Friday, August 21st. Morgan Stanley increased their target price on Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. TD Cowen restated a “buy” rating and issued a $19.00 target price on shares of Netskope in a research note on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft set a $17.00 target price on Netskope in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.75.

Netskope Trading Up 3.7%

Shares of NASDAQ NTSK opened at $26.15 on Monday. The firm has a fifty day simple moving average of $17.70 and a two-hundred day simple moving average of $13.10. Netskope has a 12 month low of $7.66 and a 12 month high of $26.43. The firm has a market capitalization of $10.68 billion and a PE ratio of -10.25.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. The company had revenue of $220.54 million for 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. On average, sell-side analysts predict that Netskope will post -0.82 earnings per share for the current year.

Insider Buying and Selling at Netskope

In related news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $14.90, for a total transaction of $158,252.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netskope

Hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP bought a new position in shares of Netskope during the second quarter valued at approximately $25,107,000. Principal Financial Group Inc. boosted its position in shares of Netskope by 31.4% in the 1st 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. New York Life Insurance Co. bought a new stake in shares of Netskope in the 2nd quarter worth approximately $11,325,580. Weiss Asset Management LP bought a new stake in shares of Netskope in the 1st quarter worth approximately $8,957,000. Finally, Stephens Investment Management Group LLC grew its stake in shares of Netskope by 117.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 977,786 shares of the company’s stock worth $8,301,000 after buying an additional 528,164 shares during the last quarter.

Netskope Company Profile

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.