Analysts Set Netskope Inc. (NASDAQ:NTSK) Price Target at $17.71

Netskope Inc. (NASDAQ:NTSK) has earned an average rating of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $19.0263.

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Rosenblatt Securities lifted their price objective on shares of Netskope from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Mizuho set a $16.00 target price on shares of Netskope in a report on Wednesday, August 19th. BMO Capital Markets increased their target price on shares of Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, August 17th.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $13.94 on Thursday. The firm’s 50 day moving average is $13.51 and its two-hundred day moving average is $11.32. The firm has a market capitalization of $5.63 billion and a P/E ratio of -5.47. The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 4.45. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99.

Netskope (NASDAQ:NTSK) last released 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 during the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%.Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. Analysts anticipate that Netskope will post -0.88 earnings per share for the current year.

Insider Activity

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the transaction, the insider directly owned 336,173 shares in the company, valued at approximately $3,089,429.87. The trade was a 79.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William J.G. Griffith purchased 610,291 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were acquired at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the transaction, the director directly owned 610,291 shares of the company’s stock, valued at $7,213,639.62. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is currently owned by company insiders.

Institutional Trading of Netskope

Several large investors have recently added to or reduced their stakes in NTSK. Farther Finance Advisors LLC acquired a new stake in shares of Netskope in the fourth quarter valued at about $25,000. Quarry LP acquired a new position in shares of Netskope during the 3rd quarter worth about $41,000. Triumph Capital Management boosted its stake in Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after purchasing an additional 1,900 shares during the period. Operose Advisors LLC bought a new stake in Netskope during the 2nd quarter valued at approximately $56,000. Finally, Wells Fargo & Company MN grew its holdings in Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after buying an additional 2,617 shares during the last quarter.

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.