Netskope (NASDAQ:NTSK) Stock Rating Upgraded by Stephens

Netskope (NASDAQ:NTSK) was upgraded by equities research analysts at Stephens to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

NTSK has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $17.00 price target on shares of Netskope in a research note on Monday, August 17th. BMO Capital Markets increased their price objective on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Wells Fargo & Company lifted their price objective on Netskope from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Finally, Piper Sandler upped their target price on Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.12.

Netskope Price Performance

NASDAQ NTSK opened at $17.29 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. The firm has a market capitalization of $7.06 billion and a price-to-earnings ratio of -6.78. The company has a 50 day simple moving average of $14.07 and a 200-day simple moving average of $11.57. Netskope has a 52-week low of $7.66 and a 52-week high of $27.99.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. The firm had revenue of $220.54 million for the quarter. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. Equities research analysts predict that Netskope will post -0.82 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Iconiq Strategic Partners Viii acquired 610,291 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were acquired at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the purchase, the insider owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $12.23, for a total value of $2,679,287.25. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have purchased 1,833,380 shares of company stock valued at $21,960,909 and have sold 240,317 shares valued at $2,961,806. 25.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NTSK. Capital Research Global Investors boosted its holdings in Netskope by 7.7% during the fourth quarter. Capital Research Global Investors now owns 2,261,418 shares of the company’s stock valued at $39,665,000 after acquiring an additional 161,418 shares during the period. BIT Capital GmbH bought a new position in shares of Netskope in the fourth quarter worth about $27,683,000. Wasatch Advisors LP acquired a new position in shares of Netskope during the 2nd quarter worth about $25,107,000. Principal Financial Group Inc. boosted its stake in Netskope by 31.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock valued at $21,628,000 after purchasing an additional 608,355 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in Netskope by 84.5% during the 4th quarter. Clearbridge Investments LLC now owns 737,933 shares of the company’s stock valued at $12,943,000 after purchasing an additional 337,933 shares during the period.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides a cloud-native platform designed to help organizations secure data, users, devices, applications and networks. Its offerings address security needs arising from cloud computing, remote work and the use of software-as-a-service applications.

The company’s platform includes security service edge (SSE) and secure access service edge (SASE) capabilities, such as cloud access security broker (CASB) services, secure web gateways, zero-trust network access, data loss prevention, cloud firewall functionality and security analytics.