Netskope (NASDAQ:NTSK) Price Target Raised to $20.00 at Robert W. Baird

Netskope (NASDAQ:NTSK) had its price target hoisted by Robert W. Baird from $18.00 to $20.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 45.45% from the stock’s current price.

A number of other brokerages also recently commented on NTSK. BMO Capital Markets lowered their target price on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. KeyCorp raised their target price on Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research report on Friday, August 21st. TD Cowen reiterated a “buy” rating and issued a $19.00 price target on shares of Netskope in a research note on Monday, August 17th. JPMorgan Chase & Co. lifted their price target on shares of Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 26th. Finally, Royal Bank Of Canada upped their target price on Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Netskope has a consensus rating of “Moderate Buy” and an average price target of $18.13.

Netskope Stock Down 2.1%

NTSK stock opened at $13.75 on Thursday. The company’s 50 day moving average price is $13.27 and its 200 day moving average price is $11.27. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. Netskope has a fifty-two week low of $7.66 and a fifty-two week high of $27.99. The firm has a market capitalization of $5.55 billion and a price-to-earnings ratio of -68.75.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. The firm 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 -0.88 EPS for the current fiscal year.

Insider Activity

In other Netskope news, major shareholder Iconiq Strategic Partners Viii purchased 64,771 shares of Netskope stock in a transaction dated Monday, July 13th. The stock was acquired at an average cost of $12.42 per share, with a total value of $804,455.82. Following the acquisition, the insider directly owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J.G. Griffith bought 64,771 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were bought at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the transaction, the director directly owned 916,690 shares in the company, valued at approximately $11,385,289.80. This represents a 7.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. Company insiders own 25.52% of the company’s stock.

Institutional Trading of Netskope

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in shares of Netskope in the fourth quarter valued at $25,000. Quarry LP acquired a new stake in Netskope during the third quarter worth about $41,000. Triumph Capital Management lifted its stake in shares of 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 purchasing an additional 1,900 shares in the last quarter. Operose Advisors LLC acquired a new stake in Netskope during the 2nd quarter worth approximately $56,000. Finally, Wells Fargo & Company MN grew its stake in Netskope by 261.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after buying an additional 2,617 shares during the period.

Key Stories Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Strong quarterly performance: Netskope reported fiscal Q2 revenue of approximately $220.5 million, up 29% year over year, while adjusted EPS was a loss of $0.03 versus the consensus estimate of a $0.26 loss. Annual recurring revenue increased 27% to $899 million, and management said results exceeded guidance across every metric. Netskope Announces Strong Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Raised financial outlook: Netskope forecast third-quarter revenue of $227 million to $229 million, above analysts’ $226.6 million estimate, and projected a narrower EPS loss of $0.03 to $0.04. Full-year fiscal 2027 revenue guidance was increased to $888 million-$892 million from a consensus estimate of $881 million, while the expected EPS loss of $0.15 is substantially better than the $0.32 analyst forecast. Netskope Raises Fiscal 2027 Revenue Outlook
• Positive Sentiment: AI and cloud-security demand remain a growth catalyst: Coverage highlights Netskope as a smaller cybersecurity company benefiting from increased enterprise adoption of AI, cloud applications and related security tools. AI Boom Powers Growth in Netskope
• Neutral Sentiment: Analyst sentiment is constructive but not uniformly bullish: Analysts currently assign Netskope an average “Moderate Buy” rating. The improved guidance supports potential estimate upgrades, although the company remains unprofitable and trades with a negative P/E ratio. Netskope Given Moderate Buy Rating
• Negative Sentiment: Profitability remains a concern: Despite beating EPS expectations, Netskope still posted a net loss and continues to guide for negative fiscal-year earnings. After the initial positive reaction to the earnings release, investors may be locking in gains following the stock’s rebound from its 52-week low.

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.