Netskope (NASDAQ:NTSK) Stock Gets Price Target Increase from BTIG Research

Netskope (NASDAQ:NTSK) had its target price lifted by BTIG Research from $22.00 to $30.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research‘s price target suggests a potential upside of 23.46% from the company’s current price.

A number of other brokerages have also recently weighed in on NTSK. KeyCorp upped their price target on shares of Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. upped their target price on Netskope from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Robert W. Baird increased their target price on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Royal Bank Of Canada raised their target price on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Finally, Zacks Research raised Netskope from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.19.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $24.30 on Monday. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. Netskope has a 1 year low of $7.66 and a 1 year high of $26.71. The stock has a market capitalization of $9.93 billion, a P/E ratio of -9.53 and a beta of 2.41. The stock has a 50-day simple moving average of $18.35 and a 200-day simple moving average of $13.24.

Netskope (NASDAQ:NTSK) last released its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company 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. Equities analysts forecast that Netskope will post -0.82 earnings per share for the current year.

Insider Activity

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $14.90, for a total transaction of $158,252.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.52% of the stock is currently owned by insiders.

Institutional Trading of Netskope

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Walser Wealth Management Company A Ltd Liability Co raised its holdings in Netskope by 6.4% in the third quarter. Walser Wealth Management Company A Ltd Liability Co now owns 15,554 shares of the company’s stock valued at $271,000 after acquiring an additional 939 shares in the last quarter. Triumph Capital Management grew its holdings in Netskope by 2.9% during the 2nd quarter. Triumph Capital Management now owns 70,505 shares of the company’s stock worth $771,000 after acquiring an additional 1,977 shares in the last quarter. Assetmark Inc. grew its holdings in Netskope by 57.6% during the 1st quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock worth $79,000 after acquiring an additional 3,385 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Netskope by 199,900.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock worth $70,000 after purchasing an additional 3,998 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its position in shares of Netskope by 88.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock worth $92,000 after purchasing an additional 4,000 shares during the last quarter.

About Netskope

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.