Brokerages Set Netskope Inc. (NASDAQ:NTSK) Target Price at $26.94

Shares of Netskope Inc. (NASDAQ:NTSK) have been assigned an average rating of “Buy” from the nineteen ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $26.9412.

Several analysts have weighed in on the stock. Cowen began coverage on shares of Netskope in a research report on Monday, October 13th. They set a “buy” rating on the stock. Wells Fargo & Company began coverage on shares of Netskope in a report on Monday, October 13th. They set an “overweight” rating and a $28.00 price objective on the stock. BMO Capital Markets began coverage on Netskope in a research report on Monday, October 13th. They issued an “outperform” rating and a $26.00 target price on the stock. Baird R W raised Netskope to a “strong-buy” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. initiated coverage on Netskope in a research note on Monday, October 13th. They set an “overweight” rating and a $26.00 price target on the stock.

Insider Buying and Selling

In other news, Director William J.G. Griffith bought 2,000,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $38,000,000.00. Following the completion of the transaction, the director directly owned 11,238,175 shares in the company, valued at approximately $213,525,325. This represents a 21.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Trading of Netskope

Institutional investors and hedge funds have recently bought and sold shares of the business. Chicago Capital LLC acquired a new stake in shares of Netskope in the third quarter worth $2,056,000. Massachusetts Financial Services Co. MA acquired a new stake in Netskope during the 3rd quarter worth about $72,463,000. Federated Hermes Inc. purchased a new position in shares of Netskope during the 3rd quarter valued at about $18,184,000. New York State Common Retirement Fund acquired a new position in shares of Netskope in the 3rd quarter valued at about $943,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Netskope in the 3rd quarter valued at about $27,239,000.

Netskope Price Performance

Shares of NASDAQ NTSK opened at $22.28 on Tuesday. Netskope has a fifty-two week low of $17.32 and a fifty-two week high of $27.99. The business has a 50-day simple moving average of $21.23.

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.