Netskope Inc. (NASDAQ:NTSK) Given Consensus Recommendation of “Buy” by Brokerages

Netskope Inc. (NASDAQ:NTSK) has earned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.9412.

A number of brokerages have issued reports on NTSK. BTIG Research assumed coverage on Netskope in a research report on Monday, October 13th. They issued a “buy” rating and a $27.00 target price on the stock. Baird R W raised Netskope to a “strong-buy” rating in a research note on Monday, October 27th. Citizens Jmp started coverage on Netskope in a research note on Monday, October 13th. They set a “mkt outperform” rating and a $27.00 target price on the stock. UBS Group set a $27.00 target price on Netskope in a research report on Monday, October 13th. Finally, Independent Research set a $27.00 price target on shares of Netskope in a research note on Monday, October 13th.

Insiders Place Their Bets

In other Netskope news, Director William J.G. Griffith bought 2,000,000 shares of Netskope stock in a transaction on Friday, September 19th. The shares were bought at an average cost 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 $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 SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Netskope in the third quarter valued at $41,000. Assetmark Inc. acquired a new position in Netskope in the third quarter valued at approximately $83,000. RiverPark Advisors LLC purchased a new position in Netskope in the third quarter valued at approximately $87,000. SBI Securities Co. Ltd. acquired a new stake in Netskope during the third quarter worth approximately $89,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Netskope during the 3rd quarter worth approximately $127,000.

Netskope Stock Down 3.4%

Shares of NTSK opened at $17.75 on Tuesday. The company’s 50-day moving average is $21.45. Netskope has a 1-year low of $17.32 and a 1-year high of $27.99.

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.