Brokerages Set Netskope Inc. (NASDAQ:NTSK) Target Price at $26.55

Shares of Netskope Inc. (NASDAQ:NTSK) have been assigned an average rating of “Buy” from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. Sixteen research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $26.9375.

A number of equities analysts recently weighed in on the company. TD Cowen assumed coverage on Netskope in a report on Monday. They set a “buy” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Netskope in a research note on Monday. They set an “overweight” 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. Mizuho started coverage on shares of Netskope in a research report on Monday. They issued an “outperform” rating and a $25.00 target price on the stock. Finally, Oppenheimer set a $28.00 target price on shares of Netskope and gave the stock an “outperform” rating in a research note on Monday.

Netskope Stock Up 1.8%

NASDAQ NTSK opened at $22.86 on Monday. Netskope has a twelve month low of $21.00 and a twelve month high of $27.99.

Insider Activity

In other Netskope news, Director William J.G. Griffith purchased 2,000,000 shares of Netskope stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average price of $19.00 per share, for a total transaction of $38,000,000.00. Following the acquisition, the director directly owned 11,238,175 shares in the company, valued at approximately $213,525,325. This trade represents a 21.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.