Netskope (NASDAQ:NTSK) Stock Rating Lowered by Morgan Stanley

Netskope (NASDAQ:NTSK) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Friday, FinViz reports. They currently have a $24.00 price objective on the stock, up from their prior price objective of $16.00. Morgan Stanley‘s target price indicates a potential upside of 7.62% from the company’s current price.

Other analysts have also issued reports about the company. Robert W. Baird raised their target price on Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. upped their price objective on Netskope from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. TD Cowen reaffirmed a “buy” rating and set a $19.00 price objective on shares of Netskope in a research note on Monday, August 17th. Rosenblatt Securities raised their price objective on shares of Netskope from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.39.

Netskope Stock Performance

Shares of Netskope stock opened at $22.30 on Friday. The firm has a fifty day moving average price of $19.73 and a 200 day moving average price of $13.54. Netskope has a 1 year low of $7.66 and a 1 year high of $26.71. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00.

Netskope (NASDAQ:NTSK) last announced its quarterly 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 company 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 anticipate that Netskope will post -0.82 earnings per share for the current fiscal year.

Insider Activity at Netskope

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the company’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 hyperlink. 25.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netskope

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its position in Netskope by 153.1% during the third quarter. First Trust Advisors LP now owns 10,722,594 shares of the company’s stock worth $187,002,000 after acquiring an additional 6,486,838 shares during the period. Principal Financial Group Inc. increased its stake in shares of Netskope by 31.4% during 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 position in shares of Netskope during the 2nd quarter worth about $25,107,000. Stephens Investment Management Group LLC raised its position in shares of Netskope by 1.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,117,368 shares of the company’s stock worth $19,487,000 after purchasing an additional 17,214 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new position in Netskope in the 1st quarter valued at about $8,957,000.

Netskope Company Profile

Netskope, Inc. provides cybersecurity and networking services that help organizations protect users, data and applications across cloud, web and private-network environments. Its offerings are designed to support distributed workforces and the use of cloud services while applying consistent security policies. The company’s Netskope One platform brings together security and networking capabilities, including secure web access, cloud application security, data loss prevention, threat protection and zero-trust network access.