Netskope’s (NTSK) Buy Rating Reiterated at TD Cowen

TD Cowen restated their buy rating on shares of Netskope (NASDAQ:NTSK) in a research note released on Monday,Benzinga reports. They currently have a $19.00 target price on the stock.

NTSK has been the topic of several other reports. Wells Fargo & Company lifted their target price on shares of Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday. BMO Capital Markets cut their price target on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Mizuho decreased their target price on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. Finally, Oppenheimer cut their price target on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.79.

Netskope Stock Performance

NASDAQ:NTSK opened at $14.70 on Monday. Netskope has a twelve month low of $7.66 and a twelve month high of $27.99. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The company has a 50-day moving average of $12.21 and a 200-day moving average of $11.15. The firm has a market cap of $5.94 billion and a price-to-earnings ratio of -73.50.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. The business’s revenue 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. Analysts forecast that Netskope will post -0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netskope news, Director Arif Janmohamed sold 1,313,827 shares of the company’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 transaction of $12,074,070.13. Following the completion of the sale, the director owned 336,173 shares of the company’s stock, valued at $3,089,429.87. This represents a 79.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J.G. Griffith purchased 610,291 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was purchased at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the transaction, the director owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Institutional Trading of Netskope

Several large investors have recently modified their holdings of the company. Scge Management L.P. bought a new position in Netskope in the 3rd quarter worth $312,104,000. Vanguard Group Inc. boosted its holdings in Netskope by 51.5% during the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock valued at $93,536,000 after acquiring an additional 1,812,857 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Netskope by 14.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock valued at $62,383,000 after acquiring an additional 456,321 shares during the period. Public Sector Pension Investment Board acquired a new stake in shares of Netskope in the fourth quarter valued at about $60,882,000. Finally, TimesSquare Capital Management LLC increased its stake in shares of Netskope by 15.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,135,851 shares of the company’s stock worth $55,003,000 after purchasing an additional 415,505 shares during the period.

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.