Netskope Inc. (NASDAQ:NTSK) Receives $18.89 Average PT from Brokerages

Netskope Inc. (NASDAQ:NTSK) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.8889.

Several equities research analysts recently weighed in on NTSK shares. JPMorgan Chase & Co. dropped their price target on Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Citizens Jmp dropped their price target on Netskope from $27.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Thursday, March 12th. Wells Fargo & Company started coverage on Netskope in a research report on Tuesday, March 3rd. They set an “overweight” rating and a $13.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Netskope from $22.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Finally, FBN Securities started coverage on Netskope in a report on Wednesday, February 25th. They issued an “outperform” rating and a $15.00 target price on the stock.

Insider Buying and Selling

In other Netskope news, CRO Raphael Bousquet sold 3,823 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $16.66, for a total value of $63,691.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Netskope

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new stake in Netskope in the fourth quarter worth $25,000. Quarry LP bought a new stake in Netskope in the third quarter worth $41,000. Triumph Capital Management boosted its holdings in Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Assetmark Inc. bought a new stake in Netskope in the third quarter worth $83,000.

Netskope Stock Down 1.7%

NASDAQ NTSK opened at $9.36 on Monday. The company has a quick ratio of 2.32, a current ratio of 2.13 and a debt-to-equity ratio of 3.71. Netskope has a twelve month low of $7.66 and a twelve month high of $27.99. The company has a market capitalization of $3.68 billion and a price-to-earnings ratio of -66.86. The company’s 50 day moving average price is $10.69.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $196.33 million for the quarter. The business’s revenue for the quarter was up 32.2% compared to the same quarter last year. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS.

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.