Netskope (NASDAQ:NTSK) Price Target Raised to $26.00

Netskope (NASDAQ:NTSK) had its price target lifted by Mizuho from $25.00 to $26.00 in a research note issued to investors on Friday, MarketBeat reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Oppenheimer set a $28.00 target price on shares of Netskope and gave the company an “outperform” rating in a research note on Monday, October 13th. Wall Street Zen upgraded Netskope to a “hold” rating in a research note on Monday, September 29th. Baird R W raised Netskope to a “strong-buy” rating in a report on Monday, October 27th. Robert W. Baird initiated coverage on Netskope in a report on Monday, October 27th. They issued an “outperform” rating and a $27.00 price target for the company. Finally, BTIG Research began coverage on Netskope in a research note on Monday, October 13th. They set a “buy” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Netskope currently has an average rating of “Moderate Buy” and a consensus price target of $27.18.

Netskope Price Performance

NTSK stock opened at $20.72 on Friday. The stock’s 50 day moving average is $21.23. Netskope has a twelve month low of $17.32 and a twelve month high of $27.99.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Thursday, December 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.15. The company had revenue of $184.17 million during the quarter, compared to analyst estimates of $175.81 million. The firm’s revenue was up 33.0% compared to the same quarter last year.

Insider Activity at Netskope

In related news, Director William J.G. Griffith bought 2,000,000 shares of the stock in a transaction dated Friday, September 19th. The stock was bought 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 owned 11,238,175 shares of the company’s stock, valued at $213,525,325. This trade represents a 21.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTSK. ICONIQ Capital LLC acquired a new stake in Netskope in the third quarter worth $1,506,261,000. Scge Management L.P. acquired a new position in shares of Netskope during the third quarter valued at $312,104,000. Vanguard Group Inc. bought a new position in shares of Netskope during the third quarter worth about $80,006,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Netskope in the 3rd quarter worth about $72,463,000. Finally, TimesSquare Capital Management LLC bought a new stake in Netskope in the 3rd quarter valued at about $61,833,000.

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.