Netskope (NASDAQ:NTSK) Stock Rating Upgraded by Zacks Research

Netskope (NASDAQ:NTSK) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.

Several other research firms have also recently commented on NTSK. BTIG Research boosted their price target on Netskope from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Stephens started coverage on Netskope in a research note on Monday, September 14th. They set an “overweight” rating and a $21.00 price objective for the company. Piper Sandler raised their price objective on Netskope from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Oppenheimer lifted their price objective on Netskope from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada upped their target price on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.75.

Netskope Price Performance

NASDAQ:NTSK opened at $26.15 on Monday. The firm has a 50-day moving average of $17.70 and a two-hundred day moving average of $13.10. The stock has a market cap of $10.68 billion and a P/E ratio of -10.25. Netskope has a 1-year low of $7.66 and a 1-year high of $26.43.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.23. The business 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. As a group, equities analysts expect that Netskope will post -0.82 earnings per share for the current year.

Insider Activity 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 stock was sold at an average price of $14.90, for a total value of $158,252.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 25.52% of the company’s stock.

Institutional Trading of Netskope

Hedge funds and other institutional investors have recently bought and sold shares of the company. Operose Advisors LLC bought a new position in Netskope during the second quarter worth $56,000. Rockefeller Capital Management L.P. lifted its position in shares of Netskope by 199,900.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock worth $70,000 after buying an additional 3,998 shares during the last quarter. Assetmark Inc. lifted its position in shares of Netskope by 57.6% in the 1st quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock worth $79,000 after buying an additional 3,385 shares during the last quarter. Gryphon Financial Partners LLC acquired a new position in shares of Netskope in the 1st quarter valued at about $88,000. Finally, SummitTX Capital L.P. acquired a new position in shares of Netskope in the 1st quarter valued at about $88,000.

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.