Netskope Inc. (NASDAQ:NTSK) Given Average Rating of “Moderate Buy” by Analysts

Shares of Netskope Inc. (NASDAQ:NTSK) have earned an average rating of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $26.7059.

Several brokerages have commented on NTSK. KeyCorp decreased their target price on shares of Netskope from $28.00 to $24.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Netskope in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netskope in a report on Monday, December 29th. Mizuho lifted their price target on Netskope from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $26.00 target price on shares of Netskope in a research note on Friday, December 12th.

Netskope Price Performance

NASDAQ NTSK opened at $11.89 on Friday. Netskope has a 12 month low of $11.28 and a 12 month high of $27.99. The company’s fifty day moving average is $16.60. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17. The company has a market cap of $4.68 billion and a P/E ratio of -118.90.

Netskope (NASDAQ:NTSK) last issued its earnings results on Thursday, December 11th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 33.0% compared to the same quarter last year.

Insider Activity at Netskope

In other Netskope news, CEO Sanjay Beri sold 346,061 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $16.91, for a total transaction of $5,851,891.51. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $63,691.18. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,049,721 shares of company stock valued at $18,020,279.

Institutional Investors Weigh In On Netskope

Institutional investors have recently modified their holdings of the company. New York Life Insurance Co. purchased a new position in Netskope in the 3rd quarter valued at approximately $31,236,000. Federated Hermes Inc. purchased a new stake in Netskope in the third quarter worth $18,184,000. Massachusetts Financial Services Co. MA purchased a new position in Netskope during the third quarter valued at $72,463,000. Principal Financial Group Inc. purchased a new stake in Netskope during the 3rd quarter valued at $27,239,000. Finally, Chicago Capital LLC purchased a new stake in Netskope during the 3rd quarter valued at $2,056,000.

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.