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

Netskope (NASDAQ:NTSK) had its price objective lifted by Mizuho from $16.00 to $19.00 in a report published on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

NTSK has been the subject of several other reports. Wells Fargo & Company boosted their price target on shares of Netskope from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Stephens assumed coverage on Netskope in a research note on Monday, September 14th. They set an “overweight” rating and a $21.00 price objective on the stock. Cantor Fitzgerald assumed coverage on Netskope in a research note on Wednesday, November 4th. They set an “overweight” rating and a $28.00 price objective on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netskope in a report on Friday, October 2nd. Finally, Royal Bank Of Canada boosted their target price on Netskope from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, November 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Netskope has a consensus rating of “Moderate Buy” and an average target price of $20.39.

Netskope Price Performance

Shares of NTSK stock traded down $0.55 during trading hours on Thursday, hitting $21.75. 6,344,416 shares of the company’s stock were exchanged, compared to its average volume of 6,463,106. The company has a market capitalization of $8.89 billion, a PE ratio of -8.53 and a beta of 2.43. Netskope has a 12-month low of $7.66 and a 12-month high of $26.71. The business’s 50 day simple moving average is $19.87 and its 200-day simple moving average is $13.57. The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 4.45.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data 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. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. The company had revenue of $220.54 million during the quarter. 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 research analysts anticipate that Netskope will post -0.82 earnings per share for the current year.

Insiders Place Their Bets

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

Several hedge funds have recently made changes to their positions in NTSK. Walser Wealth Management Company A Ltd Liability Co raised its holdings in shares of Netskope by 6.4% during the third quarter. Walser Wealth Management Company A Ltd Liability Co now owns 15,554 shares of the company’s stock valued at $271,000 after acquiring an additional 939 shares in the last quarter. Parallel Advisors LLC bought a new stake in Netskope in the third quarter valued at $33,000. Triumph Capital Management boosted its holdings in Netskope by 2.9% in the second quarter. Triumph Capital Management now owns 70,505 shares of the company’s stock valued at $771,000 after acquiring an additional 1,977 shares in the last quarter. Assetmark Inc. boosted its holdings in Netskope by 57.6% in the first quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock valued at $79,000 after acquiring an additional 3,385 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its position in Netskope by 88.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock valued at $92,000 after purchasing an additional 4,000 shares during the period.

About Netskope

Netskope, Inc. provides cybersecurity and networking services that help organizations protect users, data and applications across cloud, web and private-network environments. Its offerings are designed to support distributed workforces and the use of cloud services while applying consistent security policies. The company’s Netskope One platform brings together security and networking capabilities, including secure web access, cloud application security, data loss prevention, threat protection and zero-trust network access.