Piper Sandler Initiates Coverage on Netskope (NASDAQ:NTSK)

Equities researchers at Piper Sandler began coverage on shares of Netskope (NASDAQ:NTSK) in a research report issued on Monday, MarketBeat reports. The brokerage set an “overweight” rating and a $28.00 price target on the stock. Piper Sandler’s price target would suggest a potential upside of 24.72% from the stock’s current price.

NTSK has been the topic of a number of other reports. Oppenheimer set a $28.00 price target on shares of Netskope and gave the company an “outperform” rating in a research report on Monday. BMO Capital Markets initiated coverage on shares of Netskope in a research report on Monday. They set an “outperform” rating and a $26.00 price target on the stock. UBS Group set a $27.00 target price on shares of Netskope in a research report on Monday. Morgan Stanley initiated coverage on shares of Netskope in a research report on Monday. They set an “overweight” rating and a $27.00 target price on the stock. Finally, Citizens Jmp initiated coverage on shares of Netskope in a research report on Monday. They set a “mkt outperform” rating and a $27.00 target price on the stock. Sixteen analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $26.94.

Netskope Price Performance

Shares of NTSK stock 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 Transactions at Netskope

In related news, Director William J.G. Griffith purchased 2,000,000 shares of the business’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 completion of the acquisition, the director directly owned 11,238,175 shares of the company’s stock, valued at approximately $213,525,325. The trade was a 21.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.