Netskope Inc. (NASDAQ:NTSK) Given Average Recommendation of “Moderate Buy” by Analysts

Netskope Inc. (NASDAQ:NTSK) has earned an average rating of “Moderate Buy” from the twenty ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $17.1579.

A number of equities analysts recently commented on the company. Wells Fargo & Company cut their price objective on Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Robert W. Baird cut their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. BTIG Research cut their price objective on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Morgan Stanley cut their price objective on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Finally, Citizens Jmp cut their price objective on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st.

Netskope Stock Performance

Shares of NTSK stock opened at $9.52 on Friday. The business’s 50-day moving average price is $10.36 and its 200-day moving average price is $12.50. Netskope has a 12 month low of $7.66 and a 12 month high of $27.99. The firm has a market capitalization of $3.84 billion and a price-to-earnings ratio of -47.58. 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 (NASDAQ:NTSK) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Equities research analysts forecast that Netskope will post -0.88 EPS for the current year.

Insider Buying and Selling

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the business’s stock in a transaction that occurred 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 approximately $3,089,429.87. The trade was a 79.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arif Janmohamed sold 1,313,827 shares of the business’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 value of $12,074,070.13. Following the completion of the transaction, the director directly owned 336,173 shares in the company, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,300,000 shares of company stock worth $30,199,254. 25.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Netskope

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Netskope by 36.7% in the first quarter. Bank of America Corp DE now owns 139,103 shares of the company’s stock valued at $1,181,000 after buying an additional 37,375 shares during the period. Janus Henderson Group PLC acquired a new position in Netskope in the first quarter valued at approximately $281,000. California State Teachers Retirement System acquired a new position in Netskope in the first quarter valued at approximately $506,000. SummitTX Capital L.P. acquired a new position in Netskope in the first quarter valued at approximately $88,000. Finally, Weiss Asset Management LP acquired a new position in Netskope in the first quarter valued at approximately $8,957,000.

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.