Wells Fargo & Company Begins Coverage on Netskope (NASDAQ:NTSK)

Stock analysts at Wells Fargo & Company began coverage on shares of Netskope (NASDAQ:NTSK) in a research note issued on Monday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $28.00 price target on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 24.72% from the stock’s previous close.

A number of other brokerages have also commented on NTSK. Cowen assumed coverage on Netskope in a research report on Monday. They issued a “buy” rating for the company. Piper Sandler assumed coverage on Netskope in a research report on Monday. They issued an “overweight” rating and a $28.00 price objective for the company. KeyCorp assumed coverage on Netskope in a research report on Monday. They issued an “overweight” rating and a $27.00 price objective for the company. Citigroup assumed coverage on Netskope in a research report on Monday. They issued an “outperform” rating for the company. Finally, Wall Street Zen upgraded Netskope to a “hold” rating in a research report on Monday, September 29th. Sixteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $26.94.

Netskope Stock Down 4.2%

Shares of NTSK stock opened at $22.45 on Monday. Netskope has a 12 month low of $21.00 and a 12 month high of $27.99.

Insider Activity

In related news, Director William J.G. Griffith bought 2,000,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was bought at an average cost of $19.00 per share, for a total transaction of $38,000,000.00. Following the transaction, the director owned 11,238,175 shares of the company’s stock, valued at $213,525,325. This represents a 21.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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.