Netskope (NASDAQ:NTSK) Now Covered by Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald assumed coverage on shares of Netskope (NASDAQ:NTSK) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $28.00 price target on the stock. Cantor Fitzgerald‘s target price suggests a potential upside of 28.21% from the company’s previous close.

A number of other analysts have also recently commented on the company. Piper Sandler upped their price target on Netskope from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Royal Bank Of Canada upped their target price 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. Weiss Ratings reissued a “sell (e+)” rating on shares of Netskope in a research report on Friday, October 2nd. JPMorgan Chase & Co. boosted their price objective on Netskope from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Finally, Rosenblatt Securities boosted their price target on Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Netskope presently has an average rating of “Moderate Buy” and an average target price of $19.66.

Netskope Price Performance

NASDAQ:NTSK opened at $21.84 on Wednesday. Netskope has a 12-month low of $7.66 and a 12-month high of $26.71. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. The stock’s fifty day simple moving average is $18.65 and its 200-day simple moving average is $13.29.

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

Insider Transactions at Netskope

In related news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the firm’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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NTSK. Pictet Asset Management Holding SA raised its stake in Netskope by 34.6% in the 3rd quarter. Pictet Asset Management Holding SA now owns 21,835 shares of the company’s stock valued at $381,000 after acquiring an additional 5,610 shares during the period. Parallel Advisors LLC acquired a new position in shares of Netskope in the third quarter valued at $33,000. Calamos Advisors LLC bought a new position in shares of Netskope in the third quarter valued at about $284,000. Pathway Capital Management LP bought a new position in shares of Netskope in the third quarter valued at about $579,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Netskope during the 3rd quarter worth about $1,838,000.

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.