Netskope Inc. (NASDAQ:NTSK) Given Average Recommendation of “Buy” by Brokerages

Shares of Netskope Inc. (NASDAQ:NTSK) have been assigned a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $26.9412.

A number of equities analysts have recently issued reports on NTSK shares. Baird R W raised Netskope to a “strong-buy” rating in a research note on Monday, October 27th. Morgan Stanley assumed coverage on Netskope in a report on Monday, October 13th. They set an “overweight” rating and a $27.00 price objective on the stock. Piper Sandler started coverage on Netskope in a report on Monday, October 13th. They issued an “overweight” rating and a $28.00 target price for the company. Cowen assumed coverage on shares of Netskope in a research note on Monday, October 13th. They set a “buy” rating on the stock. Finally, TD Cowen started coverage on shares of Netskope in a report on Monday, October 13th. They issued a “buy” rating and a $30.00 price target for the company.

Netskope Price Performance

NASDAQ NTSK opened at $20.73 on Tuesday. Netskope has a 52-week low of $17.32 and a 52-week high of $27.99. The business’s 50-day moving average price is $21.26.

Insider Activity

In related news, Director William J.G. Griffith purchased 2,000,000 shares of Netskope stock in a transaction dated Friday, September 19th. The stock was bought at an average cost of $19.00 per share, for a total transaction of $38,000,000.00. Following the transaction, the director owned 11,238,175 shares in the company, valued at approximately $213,525,325. The trade was a 21.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Netskope

Several hedge funds have recently bought and sold shares of the company. TD Asset Management Inc acquired a new position in shares of Netskope during the 3rd quarter worth approximately $5,005,000. CenterBook Partners LP acquired a new stake in Netskope during the 3rd quarter valued at $449,000. Readystate Asset Management LP purchased a new position in Netskope during the third quarter worth $341,000. Vanguard Group Inc. acquired a new position in shares of Netskope in the third quarter worth $80,006,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Netskope in the third quarter valued at $61,833,000.

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.