Netskope (NASDAQ:NTSK) Given New $22.00 Price Target at BTIG Research

Netskope (NASDAQ:NTSK) had its target price lifted by BTIG Research from $18.00 to $22.00 in a research note released on Tuesday, Marketbeat reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on NTSK. Stephens began coverage on Netskope in a research note on Monday, September 14th. They set an “overweight” rating and a $21.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on Netskope from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Oppenheimer boosted their price target on Netskope from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a report on Wednesday, July 8th. Finally, Morgan Stanley increased their price objective on shares of Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.32.

Netskope Price Performance

Netskope stock opened at $19.64 on Tuesday. The firm has a fifty day moving average of $15.57 and a 200-day moving average of $12.30. Netskope has a 52-week low of $7.66 and a 52-week high of $24.98. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 4.45. The firm has a market capitalization of $8.02 billion and a P/E ratio of -7.70.

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 analysts’ consensus estimates of ($0.26) by $0.23. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. The firm had revenue of $220.54 million during 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, analysts predict that Netskope will post -0.82 EPS for the current year.

Insider Transactions at Netskope

In other Netskope news, Director William J.G. Griffith acquired 64,771 shares of the stock in a transaction on Monday, July 13th. The stock was purchased at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the purchase, the director directly owned 916,690 shares in the company, valued at $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have acquired 612,798 shares of company stock valued at $7,533,630. 25.52% of the stock is currently owned by insiders.

Institutional Trading of Netskope

A number of hedge funds have recently made changes to their positions in NTSK. Triumph Capital Management boosted its stake in Netskope by 2.9% during the 2nd quarter. Triumph Capital Management now owns 70,505 shares of the company’s stock valued at $771,000 after acquiring an additional 1,977 shares during the last quarter. Assetmark Inc. increased 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 purchasing an additional 3,385 shares during the last quarter. Rockefeller Capital Management L.P. increased 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 purchasing an additional 3,998 shares during the last quarter. FNY Investment Advisers LLC raised its stake in shares of Netskope by 88.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock valued at $92,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Netskope during the fourth quarter worth about $87,000.

Netskope News Roundup

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: BTIG upgraded Netskope to Buy and raised its price target from $18 to $22, citing rising demand for the company’s cloud and cybersecurity offerings ahead of its third-quarter results. The new target implies additional upside from recent trading levels. Netskope Stock Gets Price Target Increase from BTIG Research
• Positive Sentiment: BTIG said Netskope, Palo Alto Networks and Cloudflare are experiencing rising demand ahead of earnings, supporting expectations for continued growth in cloud security and networking. Palo Alto, Cloudflare, Netskope experience rising demand ahead of Q3 earnings
• Positive Sentiment: The company unveiled AgentSkope Marketplace, a centralized console for security and network teams to discover, deploy and manage AI agents. The launch strengthens Netskope’s positioning in the growing AI-security market, although financial contribution has not yet been disclosed. Netskope Unveils AgentSkope Marketplace
• Positive Sentiment: Options activity was unusually strong, with traders purchasing 7,246 call contracts—about 75% above average—signaling increased short-term bullish interest in NTSK.
• Neutral Sentiment: Netskope has already experienced a powerful rally, and the $22 BTIG target offers relatively modest upside from recent levels. Investors may therefore focus heavily on upcoming earnings and forward guidance to justify the valuation. Netskope: After a Furious Rally, Still Positioned for Further Gains

Netskope Company Profile

Netskope, Inc is a cloud security company that provides technology for protecting data, users, applications and networks in modern digital environments. Its platform is designed to help organizations secure access to cloud services, web applications, private applications and other internet-connected resources while supporting distributed workforces and hybrid IT infrastructures.

The company’s products include cloud access security broker (CASB) capabilities, secure web gateway services, zero trust network access, data loss prevention, cloud firewall functionality and security analytics.