Analysts Set Netskope Inc. (NASDAQ:NTSK) Price Target at $17.21

Netskope Inc. (NASDAQ:NTSK) has been given an average rating of “Moderate Buy” by the twenty analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.2105.

A number of equities research analysts recently issued reports on the company. Oppenheimer reduced their target price on Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Wells Fargo & Company dropped their price target on Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Rosenblatt Securities initiated coverage on Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price target for the company. BTIG Research reduced their price objective on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Finally, BMO Capital Markets decreased their price objective on Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th.

Insider Activity

In other Netskope news, Director Arif Janmohamed sold 1,313,827 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 336,173 shares of the company’s stock, valued at $3,089,429.87. This trade represents a 79.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were purchased at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the purchase, the insider directly owned 610,291 shares in the company, valued at $7,213,639.62. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Institutional Trading of Netskope

Several hedge funds and other institutional investors have recently bought and sold shares of NTSK. Farther Finance Advisors LLC purchased a new position in shares of Netskope during the 4th quarter worth $25,000. Quarry LP purchased a new stake in shares of Netskope in the third quarter valued at $41,000. Triumph Capital Management grew its position in shares of Netskope by 380.0% in the fourth 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 during the period. Wells Fargo & Company MN increased its stake in Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after purchasing an additional 2,617 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in Netskope in the fourth quarter valued at $64,000.

Netskope Stock Performance

Shares of NTSK opened at $15.39 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The stock has a market cap of $6.22 billion and a P/E ratio of -76.95. The company has a 50-day moving average of $11.54 and a two-hundred day moving average of $11.16. Netskope has a 12-month low of $7.66 and a 12-month high of $27.99.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results 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 business had revenue of $201.59 million during the quarter. The company’s quarterly 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. As a group, research analysts predict that Netskope will post -0.88 EPS for the current fiscal year.

About Netskope

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.