Netskope (NASDAQ:NTSK) Coverage Initiated at Mizuho

Equities researchers at Mizuho assumed coverage on shares of Netskope (NASDAQ:NTSK) in a research report issued on Monday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $25.00 price target on the stock. Mizuho’s target price would indicate a potential upside of 11.36% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. William Blair began coverage on shares of Netskope in a research note on Monday. They set an “outperform” rating on the stock. UBS Group set a $27.00 target price on shares of Netskope in a research note on Monday. Wall Street Zen raised shares of Netskope to a “hold” rating in a research note on Monday, September 29th. Citigroup began coverage on shares of Netskope in a research note on Monday. They set an “outperform” rating on the stock. Finally, BMO Capital Markets began coverage on shares of Netskope in a research note on Monday. They set an “outperform” rating and a $26.00 target price on the stock. Sixteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $26.94.

Netskope Stock Performance

Shares of NTSK opened at $22.45 on Monday. Netskope has a fifty-two week low of $21.00 and a fifty-two week high of $27.99.

Insider Activity at Netskope

In related news, Director William J.G. Griffith bought 2,000,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average cost of $19.00 per share, with a total value of $38,000,000.00. Following the transaction, the director directly owned 11,238,175 shares of the company’s stock, valued at approximately $213,525,325. This represents a 21.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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.