Analysts Set Netskope Inc. (NASDAQ:NTSK) PT at $17.11

Shares of Netskope Inc. (NASDAQ:NTSK) have been given an average recommendation of “Moderate Buy” by the twenty ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.2105.

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. Wells Fargo & Company cut their target price on Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Royal Bank Of Canada set a $18.00 price target on Netskope in a report on Thursday, June 4th. KeyCorp upped their price target on Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Robert W. Baird dropped their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th.

Insiders Place Their Bets

In other Netskope news, Director Arif Janmohamed sold 1,313,827 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the transaction, the director directly owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. The trade was a 79.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Iconiq Strategic Partners Viii acquired 610,291 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was bought at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the acquisition, the insider directly owned 610,291 shares in the company, valued at approximately $7,213,639.62. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netskope

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its holdings in shares of Netskope by 32.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock worth $91,000 after acquiring an additional 1,270 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Netskope during the fourth quarter valued at approximately $25,000. Quarry LP purchased a new stake in Netskope in the third quarter worth $41,000. Triumph Capital Management raised its holdings in Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Netskope by 60.5% in the fourth quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock worth $103,000 after purchasing an additional 2,216 shares in the last quarter.

Netskope Stock Up 0.7%

Shares of Netskope stock opened at $13.59 on Wednesday. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. Netskope has a 52-week low of $7.66 and a 52-week high of $27.99. The stock has a market capitalization of $5.49 billion and a price-to-earnings ratio of -67.95. The company’s 50 day moving average price is $11.01 and its 200-day moving average price is $11.60.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. Netskope’s revenue for the quarter 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. Equities research analysts forecast that Netskope will post -0.88 EPS for the current year.

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.