Netskope (NASDAQ:NTSK) Price Target Raised to $18.00

Netskope (NASDAQ:NTSK) had its price target increased by JPMorgan Chase & Co. from $16.00 to $18.00 in a report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

NTSK has been the subject of several other research reports. Oppenheimer raised their target price on Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. BTIG Research increased their price objective on Netskope from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday. Robert W. Baird lifted their target price on Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets upped their target price on Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $17.00 price target on Netskope in a research report on Monday, August 17th. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.03.

Netskope Stock Performance

Shares of NASDAQ NTSK opened at $13.94 on Thursday. Netskope has a 12-month low of $7.66 and a 12-month high of $27.99. The company has a market cap of $5.63 billion and a PE ratio of -5.47. The stock has a 50 day simple moving average of $13.44 and a 200-day simple moving average of $11.31. The company has a current ratio of 2.01, a quick ratio of 2.16 and a debt-to-equity ratio of 4.45.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. The firm 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. On average, equities research analysts forecast that Netskope will post -0.88 EPS for the current year.

Insider Activity

In other news, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $12.23, for a total value of $2,679,287.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Iconiq Strategic Partners Viii bought 64,771 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was acquired at an average cost of $12.42 per share, with a total value of $804,455.82. Following the transaction, the insider owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 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 company insiders.

Hedge Funds Weigh In On Netskope

Several institutional investors and hedge funds have recently bought and sold shares of NTSK. California State Teachers Retirement System increased its holdings in shares of Netskope by 2,367.7% in the 2nd quarter. California State Teachers Retirement System now owns 1,471,507 shares of the company’s stock valued at $16,098,000 after purchasing an additional 1,411,876 shares during the period. Operose Advisors LLC acquired a new stake in shares of Netskope during the second quarter worth approximately $56,000. Triumph Capital Management boosted its holdings in shares of Netskope by 2.9% during the second quarter. Triumph Capital Management now owns 70,505 shares of the company’s stock worth $771,000 after purchasing an additional 1,977 shares during the period. Wellington Management Group LLP purchased a new position in Netskope during the second quarter valued at approximately $2,027,000. Finally, New York Life Insurance Co. acquired a new position in Netskope in the 2nd quarter valued at approximately $11,325,580.

Key Stories Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported fiscal Q2 revenue of $220.5 million, exceeding expectations, while adjusted earnings per share of negative $0.03 were substantially better than the consensus estimate of negative $0.26. Netskope shares rise after Q2 revenue exceeds estimates
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook to $888 million-$892 million and forecast fiscal Q3 revenue of $227 million-$229 million, signaling continued demand for its cybersecurity and cloud security products. Netskope raises fiscal 2027 revenue outlook
• Positive Sentiment: Analysts raised their price targets following the report: JPMorgan to $18, RBC and Baird to $20, Rosenblatt to $19, and BTIG to $18. The firms maintained bullish ratings ranging from “overweight” to “buy” and “outperform.”
• Positive Sentiment: Morgan Stanley said Netskope is well positioned to benefit from artificial-intelligence-related cybersecurity demand, while Zacks upgraded the stock to Rank #2, or “Buy.” Netskope positioned to capture AI opportunity
• Neutral Sentiment: Analysts collectively rate Netskope “Moderate Buy,” indicating favorable expectations but not unanimous conviction.
• Negative Sentiment: Netskope remains unprofitable, with a reported negative net margin and negative return on equity. Its sizable debt relative to equity could also temper enthusiasm despite the improved forecast.

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.