Netskope Inc. (NASDAQ:NTSK) Stock Has Consensus Target Price of $19.12 According to Analysts

Netskope Inc. (NASDAQ:NTSK) has received an average recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $19.12.

NTSK has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price objective on shares of Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Piper Sandler boosted their price objective on shares of Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a report on Wednesday, July 8th. TD Cowen reaffirmed a “buy” rating and set a $19.00 target price on shares of Netskope in a research report on Monday, August 17th. Finally, Robert W. Baird lifted their price target on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd.

Netskope Stock Up 1.0%

NASDAQ:NTSK opened at $17.44 on Monday. 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 has a 1-year low of $7.66 and a 1-year high of $24.98. The company has a 50-day moving average of $15.03 and a 200 day moving average of $12.05. The firm has a market cap of $7.13 billion and a PE ratio of -6.84.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, September 2nd. The company reported ($0.03) 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 business had revenue of $220.54 million for 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. As a group, research analysts anticipate that Netskope will post -0.82 EPS for the current fiscal year.

Insider Activity at Netskope

In other news, Director William J.G. Griffith purchased 64,771 shares of the business’s stock in a transaction on Monday, July 13th. The shares were acquired at an average cost of $12.42 per share, with a total value of $804,455.82. Following the completion of the acquisition, the director owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $14.90, for a total value of $158,252.90. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 1,833,380 shares of company stock valued at $21,960,909 and sold 240,317 shares valued at $2,961,806. 25.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Netskope

Hedge funds and other institutional investors have recently modified their holdings of the stock. Silicon Valley Capital Partners acquired a new stake in shares of Netskope during the second quarter worth $329,000. Engineers Gate Manager LP raised its stake in Netskope by 6.0% in the 2nd quarter. Engineers Gate Manager LP now owns 91,521 shares of the company’s stock worth $1,001,000 after acquiring an additional 5,166 shares during the last quarter. Squarepoint Ops LLC lifted its position in Netskope by 351.2% during the 2nd quarter. Squarepoint Ops LLC now owns 65,965 shares of the company’s stock worth $722,000 after acquiring an additional 51,344 shares during the period. Arizona State Retirement System lifted its position in Netskope by 102.0% during the 2nd quarter. Arizona State Retirement System now owns 33,496 shares of the company’s stock worth $366,000 after acquiring an additional 16,917 shares during the period. Finally, Operose Advisors LLC purchased a new stake in Netskope during the 2nd quarter valued at about $56,000.

About Netskope

Netskope, Inc is a cloud security company that provides technology for protecting data, users, applications and networks in modern digital environments. Its platform is designed to help organizations secure access to cloud services, web applications, private applications and other internet-connected resources while supporting distributed workforces and hybrid IT infrastructures.

The company’s products include cloud access security broker (CASB) capabilities, secure web gateway services, zero trust network access, data loss prevention, cloud firewall functionality and security analytics.