Netskope (NASDAQ:NTSK) Price Target Raised to $30.00

Netskope (NASDAQ:NTSK) had its price target increased by BTIG Research from $22.00 to $30.00 in a research report report published on Monday, Marketbeat.com reports. BTIG Research currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on NTSK. Deutsche Bank Aktiengesellschaft set a $17.00 target price on shares of Netskope in a research report on Monday, August 17th. KeyCorp raised their price target on shares of Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research report on Friday, August 21st. BMO Capital Markets lifted their price objective on shares of Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Zacks Research raised shares of Netskope from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. Finally, Piper Sandler increased their target price on shares of Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.66.

Netskope Stock Up 4.3%

NASDAQ:NTSK opened at $22.77 on Monday. The stock has a 50 day simple moving average of $18.84 and a 200 day simple moving average of $13.33. Netskope has a 1-year low of $7.66 and a 1-year high of $26.71. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. The firm had revenue of $220.54 million for the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. As a group, research analysts expect that Netskope will post -0.82 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $14.90, for a total transaction of $158,252.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NTSK. Principal Financial Group Inc. lifted its holdings in shares of Netskope by 31.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after acquiring an additional 608,355 shares during the period. Wasatch Advisors LP bought a new position in Netskope in the second quarter valued at approximately $25,107,000. Weiss Asset Management LP bought a new position in Netskope in the first quarter valued at approximately $8,957,000. New York Life Insurance Co. bought a new position in Netskope in the second quarter valued at approximately $11,325,580. Finally, Stephens Investment Management Group LLC raised its position in Netskope by 117.5% during the first quarter. Stephens Investment Management Group LLC now owns 977,786 shares of the company’s stock valued at $8,301,000 after purchasing an additional 528,164 shares in the last quarter.

About Netskope

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.