Netskope (NASDAQ:NTSK) Price Target Raised to $19.00

Netskope (NASDAQ:NTSK) had its target price raised by Rosenblatt Securities from $18.00 to $19.00 in a research note released on Thursday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Piper Sandler raised their price target on Netskope from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley reduced their price objective on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Robert W. Baird raised their target price on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. raised their target price on Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 26th. Finally, Wells Fargo & Company upped their price target on shares of Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.03.

Netskope Price Performance

Shares of Netskope stock opened at $13.94 on Thursday. The company has a current ratio of 2.01, a quick ratio of 2.16 and a debt-to-equity ratio of 4.45. The stock has a market capitalization of $5.63 billion and a price-to-earnings ratio of -5.47. Netskope has a 1-year low of $7.66 and a 1-year high of $27.99. The firm’s 50-day moving average price is $13.44 and its two-hundred day moving average price is $11.31.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. The company had revenue of $220.54 million during the quarter. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. On average, equities analysts predict that Netskope will post -0.88 earnings per share for the current fiscal year.

Insider Transactions at Netskope

In other news, major shareholder Iconiq Strategic Partners Viii bought 610,291 shares of the stock in a transaction dated Wednesday, July 8th. The stock was bought at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the purchase, the insider owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William J.G. Griffith bought 610,291 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were purchased at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the transaction, the director owned 610,291 shares of the company’s stock, valued at $7,213,639.62. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Netskope

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTSK. SBI Securities Co. Ltd. raised its holdings in 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 purchasing an additional 1,270 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in Netskope during the 4th quarter valued at about $25,000. Quarry LP bought a new position in shares of Netskope in the 3rd quarter valued at about $41,000. Triumph Capital Management grew its position in shares of Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares during the period. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of Netskope by 35.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 9,200 shares of the company’s stock worth $161,000 after buying an additional 2,400 shares during the period.

Key Stories Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported fiscal Q2 revenue of $220.5 million, exceeding expectations, while adjusted earnings per share of negative $0.03 were substantially better than the consensus estimate of negative $0.26. Netskope shares rise after Q2 revenue exceeds estimates
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook to $888 million-$892 million and forecast fiscal Q3 revenue of $227 million-$229 million, signaling continued demand for its cybersecurity and cloud security products. Netskope raises fiscal 2027 revenue outlook
• Positive Sentiment: Analysts raised their price targets following the report: JPMorgan to $18, RBC and Baird to $20, Rosenblatt to $19, and BTIG to $18. The firms maintained bullish ratings ranging from “overweight” to “buy” and “outperform.”
• Positive Sentiment: Morgan Stanley said Netskope is well positioned to benefit from artificial-intelligence-related cybersecurity demand, while Zacks upgraded the stock to Rank #2, or “Buy.” Netskope positioned to capture AI opportunity
• Neutral Sentiment: Analysts collectively rate Netskope “Moderate Buy,” indicating favorable expectations but not unanimous conviction.
• Negative Sentiment: Netskope remains unprofitable, with a reported negative net margin and negative return on equity. Its sizable debt relative to equity could also temper enthusiasm despite the improved forecast.

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.