Netskope (NASDAQ:NTSK) Price Target Raised to $16.00 at KeyCorp

Netskope (NASDAQ:NTSK) had its target price hoisted by KeyCorp from $14.00 to $16.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. KeyCorp currently has an overweight rating on the stock.

NTSK has been the topic of several other research reports. Wells Fargo & Company decreased their price target on Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. Morgan Stanley reduced their price objective on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Robert W. Baird decreased their target price on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Finally, BMO Capital Markets lowered their target price on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.21.

Netskope Stock Performance

Shares of Netskope stock opened at $13.50 on Thursday. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The company has a market cap of $5.45 billion and a PE ratio of -67.50. The company has a 50 day moving average of $10.97 and a 200-day moving average of $11.59. Netskope has a 1-year low of $7.66 and a 1-year high of $27.99.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The company’s revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. As a group, equities research analysts forecast that Netskope will post -0.88 earnings per share for the current fiscal year.

Insider Activity at Netskope

In related news, major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of the stock in a transaction dated Wednesday, July 8th. The stock was bought at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the acquisition, the insider owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J.G. Griffith purchased 610,291 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was purchased at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the purchase, the director directly owned 610,291 shares in the company, valued at $7,213,639.62. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in shares of Netskope during the fourth quarter valued at about $25,000. Quarry LP acquired a new position in shares of Netskope in the third quarter valued at approximately $41,000. Triumph Capital Management raised its holdings in Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after buying an additional 1,900 shares during the last quarter. Wells Fargo & Company MN boosted its position in Netskope by 261.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after buying an additional 2,617 shares during the period. Finally, Leonteq Securities AG acquired a new stake in Netskope during the 4th quarter worth approximately $64,000.

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. 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.