Netskope (NASDAQ:NTSK) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Netskope (NASDAQ:NTSK) in a research note released on Monday, MarketBeat reports. The brokerage issued an overweight rating and a $26.00 price objective on the stock.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of Netskope to a “hold” rating in a research report on Monday, September 29th. BMO Capital Markets initiated coverage on shares of Netskope in a research report on Monday. They set an “outperform” rating and a $26.00 target price on the stock. Citigroup initiated coverage on shares of Netskope in a research report on Monday. They set an “outperform” rating on the stock. KeyCorp initiated coverage on shares of Netskope in a research report on Monday. They set an “overweight” rating and a $27.00 target price on the stock. Finally, Cowen started coverage on shares of Netskope in a research report on Monday. They set a “buy” rating on the stock. Sixteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $26.94.

Netskope Stock Up 1.8%

NASDAQ NTSK opened at $22.86 on Monday. Netskope has a 1-year low of $21.00 and a 1-year high of $27.99.

Insider Buying and Selling at Netskope

In related news, Director William J.G. Griffith bought 2,000,000 shares of Netskope stock in a transaction that occurred on Friday, September 19th. The stock was acquired at an average price of $19.00 per share, for a total transaction of $38,000,000.00. Following the completion of the purchase, the director owned 11,238,175 shares in the company, valued at approximately $213,525,325. This represents a 21.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.