Netskope (NASDAQ:NTSK) Now Covered by Rosenblatt Securities

Rosenblatt Securities initiated coverage on shares of Netskope (NASDAQ:NTSK) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $15.00 target price on the stock.

NTSK has been the subject of several other research reports. Morgan Stanley reduced their target price on shares of Netskope from $27.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $19.00 price objective (down from $23.00) on shares of Netskope in a report on Thursday, March 12th. William Blair set a $21.00 price objective on shares of Netskope in a research report on Thursday, March 12th. BTIG Research decreased their price objective on shares of Netskope from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Robert W. Baird decreased their price objective on shares of Netskope from $27.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. One 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 data from MarketBeat.com, Netskope presently has an average rating of “Moderate Buy” and an average price target of $18.68.

Netskope Trading Up 3.2%

Shares of Netskope stock opened at $9.34 on Tuesday. The company has a debt-to-equity ratio of 3.71, a current ratio of 2.13 and a quick ratio of 2.12. The firm has a fifty day moving average price of $10.25 and a 200 day moving average price of $16.27. Netskope has a 1 year low of $7.66 and a 1 year high of $27.99. The stock has a market cap of $3.74 billion and a PE ratio of -66.71.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $196.33 million for the quarter. Netskope’s revenue was up 32.2% on a year-over-year basis. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS.

Institutional Trading of Netskope

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. increased its stake in shares of Netskope by 199,900.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock worth $70,000 after purchasing an additional 3,998 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Netskope during the fourth quarter worth about $87,000. Virtu Financial LLC increased its stake in shares of Netskope by 239.4% during the fourth quarter. Virtu Financial LLC now owns 32,512 shares of the company’s stock worth $570,000 after purchasing an additional 22,932 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Netskope by 14.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock worth $62,383,000 after purchasing an additional 456,321 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in shares of Netskope by 11.3% during the fourth quarter. XTX Topco Ltd now owns 28,956 shares of the company’s stock worth $508,000 after purchasing an additional 2,950 shares in the last quarter.

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.