Netskope (NASDAQ:NTSK) Trading 5.1% Higher – Still a Buy?

Netskope Inc. (NASDAQ:NTSK) was up 5.1% during mid-day trading on Thursday . The company traded as high as $15.13 and last traded at $15.1910. 285,014 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 4,677,741 shares. The stock had previously closed at $14.46.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NTSK shares. Robert W. Baird raised their price target on shares of Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Mizuho set a $16.00 target price on shares of Netskope in a research report on Wednesday, August 19th. 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. Royal Bank Of Canada upped their price target on Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Finally, Rosenblatt Securities raised their price objective on Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Netskope presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.03.

Netskope Price Performance

The company has a market capitalization of $6.10 billion and a P/E ratio of -5.92. The stock’s fifty day simple moving average is $13.63 and its 200-day simple moving average is $11.36. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00.

Netskope (NASDAQ:NTSK) last posted 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. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%.The business had revenue of $220.54 million for 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. On average, equities analysts forecast that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netskope news, major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was bought at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the acquisition, the insider directly owned 610,291 shares in the company, valued at $7,213,639.62. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the sale, the insider owned 336,173 shares in the company, valued at approximately $3,089,429.87. The trade was a 79.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is currently owned by insiders.

Institutional Trading of Netskope

Several hedge funds and other institutional investors have recently bought and sold shares of NTSK. Wasatch Advisors LP acquired a new position in shares of Netskope during the second quarter valued at about $25,107,000. Principal Financial Group Inc. grew its position in Netskope by 31.4% during the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after buying an additional 608,355 shares in the last quarter. New York Life Insurance Co. bought a new position in Netskope during the second quarter valued at about $11,325,580. Bank of New York Mellon Corp increased its stake in Netskope by 1,381.8% during the first quarter. Bank of New York Mellon Corp now owns 475,918 shares of the company’s stock valued at $4,041,000 after acquiring an additional 443,800 shares during the period. Finally, Granahan Investment Management LLC raised its holdings in Netskope by 81.6% in the 1st quarter. Granahan Investment Management LLC now owns 367,578 shares of the company’s stock valued at $3,121,000 after acquiring an additional 165,117 shares in the last quarter.

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.