Netskope Inc. (NASDAQ:NTSK) Receives Average Rating of “Moderate Buy” from Brokerages

Netskope Inc. (NASDAQ:NTSK) has received an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $17.1053.

Several analysts have weighed in on the company. Piper Sandler cut their target price on Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Oppenheimer cut their target price on Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Mizuho cut their target price on Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. JPMorgan Chase & Co. lowered their price target on Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Netskope in a research report on Friday, March 27th.

Netskope Stock Up 4.1%

Shares of Netskope stock opened at $10.29 on Friday. The business’s fifty day moving average price is $10.38 and its two-hundred day moving average price is $12.41. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The company has a market capitalization of $4.16 billion and a P/E ratio of -51.45. Netskope has a 1-year low of $7.66 and a 1-year high of $27.99.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million for the quarter. The business’s quarterly revenue was up 27.8% on a year-over-year basis. 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, research analysts forecast that Netskope will post -0.88 EPS for the current year.

Insider Buying and Selling at Netskope

In other news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the transaction, the insider directly owned 336,173 shares in the company, valued at approximately $3,089,429.87. This trade represents 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 this link. Also, Director Arif Janmohamed sold 1,313,827 shares of Netskope stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13. Following the transaction, the director owned 336,173 shares in the company, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,300,000 shares of company stock worth $30,199,254. 25.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Netskope

Several hedge funds have recently modified their holdings of NTSK. Envestnet Asset Management Inc. acquired a new position in shares of Netskope in the 3rd quarter worth $249,000. Assetmark Inc. acquired a new position in shares of Netskope in the 3rd quarter worth $83,000. Vanguard Group Inc. acquired a new position in shares of Netskope in the 3rd quarter worth $80,006,000. CenterBook Partners LP acquired a new position in shares of Netskope in the 3rd quarter worth $449,000. Finally, TD Asset Management Inc acquired a new position in shares of Netskope in the 3rd quarter worth $5,005,000.

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.