Netskope Inc. (NASDAQ:NTSK) Stock Has Consensus Target Price of $19.12

Netskope Inc. (NASDAQ:NTSK) has earned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $19.12.

NTSK has been the subject of several recent research reports. Piper Sandler boosted their price objective on Netskope from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft set a $17.00 target price on shares of Netskope in a research note on Monday, August 17th. JPMorgan Chase & Co. upped their price target on shares of Netskope from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. BTIG Research raised their price target on shares of Netskope from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Finally, Robert W. Baird upped their price objective on shares of Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd.

Insider Buying and Selling at Netskope

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $12.23, for a total value of $2,679,287.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Iconiq Strategic Partners Viii acquired 610,291 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was acquired at an average price of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the transaction, the insider owned 610,291 shares in the company, valued at approximately $7,213,639.62. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 1,833,380 shares of company stock valued at $21,960,909 and sold 240,317 shares valued at $2,961,806. 25.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Netskope

Several large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP bought a new position in Netskope in the 2nd quarter worth $25,107,000. BIT Capital GmbH bought a new stake in shares of Netskope during the 4th quarter valued at about $27,683,000. Weiss Asset Management LP purchased a new position in shares of Netskope during the first quarter valued at about $8,957,000. New York Life Insurance Co. purchased a new position in shares of Netskope during the second quarter valued at about $11,325,580. Finally, Principal Financial Group Inc. raised its stake in Netskope by 31.4% in the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after buying an additional 608,355 shares in the last quarter.

Netskope Price Performance

NTSK stock opened at $17.75 on Monday. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. Netskope has a 52 week low of $7.66 and a 52 week high of $24.98. The firm’s fifty day moving average is $15.29 and its 200 day moving average is $12.16. The firm has a market cap of $7.25 billion and a P/E ratio of -6.96.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.23. The business 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. Research analysts predict that Netskope will post -0.82 earnings per share for the current year.

Netskope Company Profile

Netskope, Inc is a cloud security company that provides technology for protecting data, users, applications and networks in modern digital environments. Its platform is designed to help organizations secure access to cloud services, web applications, private applications and other internet-connected resources while supporting distributed workforces and hybrid IT infrastructures.

The company’s products include cloud access security broker (CASB) capabilities, secure web gateway services, zero trust network access, data loss prevention, cloud firewall functionality and security analytics.