Netskope (NASDAQ:NTSK) Price Target Raised to $19.00

Netskope (NASDAQ:NTSK) had its price objective raised by analysts at Rosenblatt Securities from $18.00 to $19.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price target indicates a potential upside of 38.18% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. KeyCorp raised their target price on Netskope from $16.00 to $17.50 and gave the company an “overweight” rating in a research report on Friday, August 21st. Royal Bank Of Canada boosted their price target on shares of Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Mizuho set a $16.00 price target on shares of Netskope in a research report on Wednesday, August 19th. Piper Sandler restated an “overweight” rating on shares of Netskope in a report on Thursday. Finally, BMO Capital Markets lowered their price objective on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.34.

Netskope Stock Performance

Shares of Netskope stock opened at $13.75 on Thursday. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06. The business has a 50 day moving average price of $13.27 and a 200-day moving average price of $11.27. The company has a market cap of $5.55 billion and a PE ratio of -68.75.

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

Insider Activity

In related news, Director Arif Janmohamed sold 336,173 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.00, for a total transaction of $3,025,557.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William J.G. Griffith bought 64,771 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were purchased at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the acquisition, the director directly owned 916,690 shares in the company, valued at $11,385,289.80. This trade represents a 7.60% increase in their position. The SEC filing for this purchase provides additional information. 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. 25.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NTSK. Farther Finance Advisors LLC bought a new position in shares of Netskope in the fourth quarter worth $25,000. Quarry LP bought a new stake in Netskope during the third quarter valued at $41,000. Triumph Capital Management grew its position in Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares in the last quarter. Operose Advisors LLC purchased a new position in Netskope during the second quarter worth about $56,000. Finally, Wells Fargo & Company MN increased its stake in Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after acquiring an additional 2,617 shares during the last quarter.

Key Netskope News

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.

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.