Netskope (NASDAQ:NTSK) Price Target Raised to $16.00

Netskope (NASDAQ:NTSK) had its price objective raised by analysts at KeyCorp from $14.00 to $16.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 20.75% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Piper Sandler dropped their price target on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. BTIG Research lowered their target price on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Mizuho dropped their target price on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Royal Bank Of Canada set a $18.00 price target on shares of Netskope in a report on Thursday, June 4th. Finally, Oppenheimer lowered their price target on Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Netskope has an average rating of “Moderate Buy” and a consensus price target of $17.21.

Netskope Stock Down 7.1%

Shares of Netskope stock opened at $13.25 on Thursday. The stock has a 50-day simple moving average of $10.93 and a 200-day simple moving average of $11.62. Netskope has a 52-week low of $7.66 and a 52-week high of $27.99. The firm has a market cap of $5.35 billion and a price-to-earnings ratio of -66.25. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16.

Netskope (NASDAQ:NTSK) last posted 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 company had revenue of $201.59 million for the quarter. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, equities research analysts expect that Netskope will post -0.88 earnings per share for the current fiscal year.

Insider Activity at Netskope

In related news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the transaction, the insider directly owned 336,173 shares in the company, valued at $3,089,429.87. This represents a 79.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William J.G. Griffith purchased 610,291 shares of Netskope stock in a transaction on 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 completion of the acquisition, the director owned 610,291 shares in the company, valued at approximately $7,213,639.62. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 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 owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Scge Management L.P. bought a new stake in Netskope in the 3rd quarter valued at $312,104,000. Public Sector Pension Investment Board bought a new position in shares of Netskope during the 4th quarter worth about $60,882,000. Wasatch Advisors LP acquired a new stake in shares of Netskope during the 2nd quarter valued at about $25,107,000. Vanguard Group Inc. increased its stake in Netskope by 51.5% in the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock valued at $93,536,000 after acquiring an additional 1,812,857 shares during the period. Finally, BIT Capital GmbH acquired a new position in Netskope in the fourth quarter worth about $27,683,000.

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.