Analysts Set Netskope Inc. (NASDAQ:NTSK) Price Target at $17.21

Netskope Inc. (NASDAQ:NTSK) has been given an average recommendation of “Moderate Buy” by the twenty analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $17.2105.

A number of equities analysts have commented on the company. TD Cowen decreased their price target on Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Mizuho cut their target price on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Piper Sandler decreased their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netskope in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada set a $18.00 price target on shares of Netskope in a research report on Thursday, June 4th.

Insider Activity

In other news, Director William J.G. Griffith bought 610,291 shares of the company’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 director owned 610,291 shares in the company, valued at approximately $7,213,639.62. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Iconiq Strategic Partners Viii bought 610,291 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was acquired at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the purchase, the insider directly owned 610,291 shares of the company’s stock, valued at $7,213,639.62. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. Insiders own 25.52% of the company’s stock.

Institutional Investors Weigh In On Netskope

A number of large investors have recently made changes to their positions in NTSK. Farther Finance Advisors LLC purchased a new position in shares of Netskope during the fourth quarter valued at approximately $25,000. Quarry LP purchased a new stake in Netskope in the third quarter worth $41,000. Triumph Capital Management boosted its holdings in Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after acquiring an additional 1,900 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in Netskope during the 4th quarter valued at $64,000.

Netskope Stock Up 8.0%

Shares of NASDAQ:NTSK opened at $16.19 on Friday. The stock has a market capitalization of $6.54 billion and a P/E ratio of -80.95. The stock’s 50-day moving average price is $11.72 and its 200-day moving average price is $11.16. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. Netskope has a 12-month low of $7.66 and a 12-month high of $27.99.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. Netskope’s revenue for the quarter was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, equities analysts anticipate that Netskope will post -0.88 earnings per share for the current year.

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.