Netskope (NASDAQ:NTSK) Reaches New 52-Week High – What’s Next?

Shares of Netskope Inc. (NASDAQ:NTSK) reached a new 52-week high on Monday. The company traded as high as $25.00 and last traded at $25.1960, with a volume of 779,993 shares trading hands. The stock had previously closed at $24.28.

Wall Street Analysts Forecast Growth

NTSK has been the topic of a number of recent analyst reports. KeyCorp boosted their price objective on Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Morgan Stanley raised their target price on Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft set a $17.00 price target on Netskope in a report on Monday, August 17th. Piper Sandler increased their price objective on shares of Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Oppenheimer raised their price objective on shares of Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.75.

Netskope Stock Performance

The stock has a 50-day moving average of $17.25 and a 200 day moving average of $13.38. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00. The stock has a market capitalization of $10.38 billion and a price-to-earnings ratio of -9.94.

Netskope (NASDAQ:NTSK) last released 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 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. On average, analysts expect that Netskope Inc. will post -0.82 EPS for the current year.

Insiders Place Their Bets

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 25.52% of the stock is owned by corporate insiders.

Institutional Trading of Netskope

Institutional investors and hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP bought a new position in shares of Netskope in the 2nd quarter worth $25,107,000. Principal Financial Group Inc. lifted its stake in Netskope by 31.4% in the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock valued at $21,628,000 after buying an additional 608,355 shares during the period. New York Life Insurance Co. acquired a new position in Netskope in the second quarter valued at about $11,325,580. Weiss Asset Management LP bought a new position in Netskope during the first quarter worth about $8,957,000. Finally, Stephens Investment Management Group LLC grew its position in shares of Netskope by 117.5% during the 1st quarter. Stephens Investment Management Group LLC now owns 977,786 shares of the company’s stock worth $8,301,000 after buying an additional 528,164 shares during the period.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.