Brokerages Set Netskope Inc. (NASDAQ:NTSK) Price Target at $17.21

Netskope Inc. (NASDAQ:NTSK) has been given a consensus rating of “Moderate Buy” by the twenty brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.2105.

Several research analysts recently issued reports on the company. BMO Capital Markets cut their price objective on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Mizuho lowered their target price on Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Citizens Jmp dropped their price target on Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. Robert W. Baird cut their price target on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Finally, Royal Bank Of Canada upped their price objective on Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday.

Netskope Stock Performance

NASDAQ:NTSK opened at $15.81 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The company has a market capitalization of $6.39 billion and a P/E ratio of -79.05. The firm has a 50-day moving average price of $11.84 and a two-hundred day moving average price of $11.19. Netskope has a twelve month low of $7.66 and a twelve month high of $27.99.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. The company’s quarterly revenue 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. As a group, research analysts expect that Netskope will post -0.88 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William J.G. Griffith bought 610,291 shares of Netskope stock in a transaction on Wednesday, July 8th. The shares were bought at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the acquisition, the director owned 610,291 shares in the company, valued at approximately $7,213,639.62. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Lightspeed Venture Partners Se 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 sale, the insider directly owned 336,173 shares in the company, valued at $3,089,429.87. This represents a 79.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders bought 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is owned by insiders.

Institutional Trading of Netskope

Several hedge funds and other institutional investors have recently bought and sold shares of NTSK. Wasatch Advisors LP purchased a new position in shares of Netskope during the 2nd quarter worth $25,107,000. Swedbank AB purchased a new position in Netskope during the fourth quarter worth about $1,801,000. Principal Financial Group Inc. boosted its stake in 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 buying an additional 608,355 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Netskope by 11.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock valued at $62,469,000 after buying an additional 373,529 shares during the period. Finally, Strs Ohio acquired a new position in shares of Netskope during the 4th quarter valued at about $2,719,000.

About Netskope

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.