Netskope (NASDAQ:NTSK) Price Target Cut to $25.00 by Analysts at TD Cowen

Netskope (NASDAQ:NTSK) had its price target trimmed by TD Cowen from $30.00 to $25.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

NTSK has been the topic of several other reports. KeyCorp dropped their price objective on Netskope from $24.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, February 17th. Robert W. Baird assumed coverage on shares of Netskope in a research note on Monday, October 27th. They issued an “outperform” rating and a $27.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Netskope in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Netskope in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Netskope in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.56.

Netskope Stock Up 7.3%

Shares of NASDAQ:NTSK opened at $9.94 on Tuesday. The firm has a market capitalization of $3.91 billion and a P/E ratio of -99.40. The firm has a 50 day moving average price of $15.10. Netskope has a 52-week low of $9.13 and a 52-week high of $27.99. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32.

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

Insider Buying and Selling

In other Netskope news, CEO Sanjay Beri sold 31,594 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $17.58, for a total transaction of $555,422.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Raphael Bousquet sold 3,823 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $16.66, for a total value of $63,691.18. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,049,721 shares of company stock valued at $18,020,279 in the last quarter.

Institutional Investors Weigh In On Netskope

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its position 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 valued at $91,000 after purchasing an additional 1,270 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of Netskope in the fourth quarter valued at $25,000. Quarry LP acquired a new stake in shares of Netskope during the 3rd quarter valued at $41,000. Triumph Capital Management grew its holdings in shares of Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Netskope by 60.5% during 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 during the period.

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.