Netskope (NASDAQ:NTSK) Price Target Raised to $20.00

Netskope (NASDAQ:NTSK) had its target price increased by equities research analysts at Robert W. Baird from $18.00 to $20.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 45.45% from the company’s current price.

NTSK has been the topic of a number of other reports. Mizuho set a $16.00 price target on shares of Netskope in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft set a $17.00 target price on Netskope in a research report on Monday, August 17th. Morgan Stanley lowered their price objective on Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. increased their price target on Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Netskope presently has an average rating of “Moderate Buy” and a consensus target price of $18.13.

Netskope Trading Down 2.1%

NASDAQ:NTSK opened at $13.75 on Thursday. The stock’s 50-day moving average is $13.27 and its two-hundred day moving average is $11.27. The stock has a market cap of $5.55 billion and a PE ratio of -68.75. Netskope has a fifty-two week low of $7.66 and a fifty-two week high of $27.99. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.23. The business 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, equities research analysts forecast that Netskope will post -0.88 earnings per share for the current fiscal year.

Insider Transactions at Netskope

In other news, Director Arif Janmohamed sold 1,313,827 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the transaction, the director directly owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.19, for a total value of $12,074,070.13. Following the transaction, the insider directly owned 336,173 shares of the company’s stock, valued at $3,089,429.87. This trade represents a 79.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. Company insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

A number of hedge funds have recently bought and sold shares of the company. Scge Management L.P. bought a new position in shares of Netskope in the 3rd quarter worth about $312,104,000. Public Sector Pension Investment Board acquired a new stake in Netskope in the fourth quarter worth $60,882,000. Wasatch Advisors LP acquired a new position in shares of Netskope during the second quarter valued at about $25,107,000. Vanguard Group Inc. raised its stake in Netskope by 51.5% during the 4th quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock worth $93,536,000 after buying an additional 1,812,857 shares during the period. Finally, BIT Capital GmbH bought a new stake in shares of Netskope during the fourth quarter valued at approximately $27,683,000.

Netskope News Summary

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Strong quarterly performance: Netskope reported fiscal Q2 revenue of approximately $220.5 million, up 29% year over year, while adjusted EPS was a loss of $0.03 versus the consensus estimate of a $0.26 loss. Annual recurring revenue increased 27% to $899 million, and management said results exceeded guidance across every metric. Netskope Announces Strong Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Raised financial outlook: Netskope forecast third-quarter revenue of $227 million to $229 million, above analysts’ $226.6 million estimate, and projected a narrower EPS loss of $0.03 to $0.04. Full-year fiscal 2027 revenue guidance was increased to $888 million-$892 million from a consensus estimate of $881 million, while the expected EPS loss of $0.15 is substantially better than the $0.32 analyst forecast. Netskope Raises Fiscal 2027 Revenue Outlook
• Positive Sentiment: AI and cloud-security demand remain a growth catalyst: Coverage highlights Netskope as a smaller cybersecurity company benefiting from increased enterprise adoption of AI, cloud applications and related security tools. AI Boom Powers Growth in Netskope
• Neutral Sentiment: Analyst sentiment is constructive but not uniformly bullish: Analysts currently assign Netskope an average “Moderate Buy” rating. The improved guidance supports potential estimate upgrades, although the company remains unprofitable and trades with a negative P/E ratio. Netskope Given Moderate Buy Rating
• Negative Sentiment: Profitability remains a concern: Despite beating EPS expectations, Netskope still posted a net loss and continues to guide for negative fiscal-year earnings. After the initial positive reaction to the earnings release, investors may be locking in gains following the stock’s rebound from its 52-week low.

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.