Netskope (NASDAQ:NTSK) Given “Buy” Rating at TD Cowen

Netskope (NASDAQ:NTSK)‘s stock had its “buy” rating reaffirmed by equities research analysts at TD Cowen in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $19.00 price objective on the stock. TD Cowen’s price objective would suggest a potential upside of 24.43% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on NTSK. Wells Fargo & Company raised their price objective on Netskope from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank Of Canada boosted their target price on shares of Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft set a $17.00 price target on shares of Netskope in a research report on Monday. Mizuho lowered their price target on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.47.

Netskope Stock Down 3.4%

NASDAQ:NTSK traded down $0.54 during trading hours on Monday, reaching $15.27. The company’s stock had a trading volume of 1,511,431 shares, compared to its average volume of 4,643,342. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. The company has a market capitalization of $6.17 billion and a P/E ratio of -76.25. The stock has a 50 day moving average price of $11.84 and a two-hundred day moving average price of $11.16. Netskope has a 12 month low of $7.66 and a 12 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 analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Equities analysts predict that Netskope will post -0.88 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William J.G. Griffith bought 64,771 shares of the company’s stock in a transaction on Monday, July 13th. The shares were bought at an average price of $12.42 per share, with a total value of $804,455.82. Following the transaction, the director owned 916,690 shares in the company, valued at approximately $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arif Janmohamed sold 336,173 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $9.00, for a total transaction of $3,025,557.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. Insiders own 25.52% of the company’s stock.

Institutional Investors Weigh In On Netskope

Several hedge funds have recently bought and sold shares of NTSK. Farther Finance Advisors LLC purchased a new stake in Netskope during the fourth quarter worth $25,000. Quarry LP purchased a new position in shares of Netskope during the 3rd quarter worth $41,000. Triumph Capital Management increased its position in shares of Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after purchasing an additional 1,900 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Netskope by 261.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after purchasing an additional 2,617 shares during the last quarter. Finally, Leonteq Securities AG purchased a new stake in Netskope in the 4th quarter valued at about $64,000.

Netskope Company Profile

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.