Netskope (NASDAQ:NTSK) Given New $14.00 Price Target at BTIG Research

Netskope (NASDAQ:NTSK) had its target price lowered by BTIG Research from $17.00 to $14.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 12.90% from the company’s current price.

Several other analysts have also recently issued reports on the company. KeyCorp upped their price objective on Netskope from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. BMO Capital Markets cut their price objective on Netskope from $26.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Oppenheimer restated an “outperform” rating and set a $19.00 price objective (down from $23.00) on shares of Netskope in a research note on Thursday, March 12th. Wells Fargo & Company upped their price objective on Netskope from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Netskope in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Netskope presently has a consensus rating of “Moderate Buy” and an average target price of $18.26.

Netskope Trading Up 2.6%

Shares of NASDAQ NTSK opened at $12.40 on Thursday. The stock’s 50 day moving average price is $10.24 and its two-hundred day moving average price is $13.49. Netskope has a 52-week low of $7.66 and a 52-week high of $27.99. The stock has a market capitalization of $4.96 billion and a P/E ratio of -88.57. The company has a quick ratio of 2.12, a current ratio of 2.13 and a debt-to-equity ratio of 3.71.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The business’s revenue was up 27.8% on a year-over-year basis. 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, analysts anticipate that Netskope will post -0.19 earnings per share for the current fiscal year.

Institutional Trading of Netskope

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. raised its position in shares of 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 period. Farther Finance Advisors LLC acquired a new stake in shares of Netskope during the 4th quarter worth approximately $25,000. Quarry LP acquired a new stake in shares of Netskope during the 3rd quarter worth approximately $41,000. Triumph Capital Management increased its position in Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after acquiring an additional 1,900 shares during the period. Finally, Assetmark Inc. increased its position in Netskope by 60.5% in the 4th quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock valued at $103,000 after acquiring an additional 2,216 shares during the period.

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.