Netskope Inc. (NASDAQ:NTSK) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Netskope Inc. (NASDAQ:NTSK) have been assigned an average rating of “Moderate Buy” from the twenty ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $26.7059.

Several analysts have recently commented on the company. Wall Street Zen raised Netskope to a “hold” rating in a research report on Monday, September 29th. Morgan Stanley started coverage on Netskope in a research note on Monday, October 13th. They set an “overweight” rating and a $27.00 target price on the stock. KeyCorp reduced their price target on shares of Netskope from $28.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. UBS Group set a $27.00 price objective on shares of Netskope in a research report on Monday, October 13th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Netskope in a research report on Friday, December 12th.

Insider Buying and Selling

In other news, CRO Raphael Bousquet sold 3,823 shares of Netskope stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $16.66, for a total transaction of $63,691.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Beri sold 31,594 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $17.58, for a total value of $555,422.52. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,049,721 shares of company stock worth $18,020,279.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Chicago Capital LLC bought a new stake in Netskope in the third quarter worth $2,056,000. Assetmark Inc. bought a new stake in shares of Netskope during the 3rd quarter worth about $83,000. Monashee Investment Management LLC acquired a new position in shares of Netskope during the 3rd quarter valued at about $6,819,000. TD Asset Management Inc bought a new position in shares of Netskope in the 3rd quarter valued at approximately $5,005,000. Finally, Vanguard Group Inc. acquired a new stake in Netskope in the 3rd quarter worth approximately $80,006,000.

Netskope Price Performance

Shares of NTSK opened at $14.99 on Wednesday. The stock has a 50-day moving average price of $18.43. The firm has a market capitalization of $5.89 billion and a PE ratio of -149.90. The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32. Netskope has a one year low of $14.23 and a one year high of $27.99.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Thursday, December 11th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.15. The firm had revenue of $184.17 million during the quarter, compared to analysts’ expectations of $175.81 million. The business’s revenue was up 33.0% on a year-over-year basis.

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. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.