Netskope (NASDAQ:NTSK) Reaches New 12-Month High – Here’s Why

Netskope Inc. (NASDAQ:NTSK)’s share price reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $25.00 and last traded at $25.1960, with a volume of 779,993 shares traded. The stock had previously closed at $24.28.

Analysts Set New Price Targets

A number of research analysts recently commented on NTSK shares. Rosenblatt Securities increased their price target on Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Mizuho set a $16.00 price target on Netskope in a research note on Wednesday, August 19th. Oppenheimer lifted their target price on Netskope from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on Netskope in a report on Monday, August 17th. Finally, JPMorgan Chase & Co. upped their price target on Netskope from $16.00 to $18.00 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, fourteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Netskope has an average rating of “Moderate Buy” and a consensus price target of $18.75.

Netskope Price Performance

The company has a market capitalization of $10.38 billion and a PE ratio of -9.94. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. The stock has a 50 day moving average price of $17.25 and a two-hundred day moving average price of $13.38.

Netskope (NASDAQ:NTSK) last released its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. The firm 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 analysts forecast that Netskope Inc. 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 the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

Hedge funds have recently made changes to their positions in the business. Walser Wealth Management Company A Ltd Liability Co lifted its holdings in Netskope by 6.4% during the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 15,554 shares of the company’s stock valued at $271,000 after purchasing an additional 939 shares during the last quarter. Triumph Capital Management grew its stake in Netskope by 2.9% during the second quarter. Triumph Capital Management now owns 70,505 shares of the company’s stock worth $771,000 after buying an additional 1,977 shares during the last quarter. Assetmark Inc. grew its stake in Netskope by 57.6% during the first 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. Rockefeller Capital Management L.P. increased its holdings in shares of Netskope by 199,900.0% during the fourth 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 in the last quarter. Finally, FNY Investment Advisers LLC increased its holdings in shares of Netskope by 88.9% during the second quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock worth $92,000 after buying an additional 4,000 shares in the last quarter.

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.