Netskope Inc. (NASDAQ:NTSK) Given Average Rating of “Moderate Buy” by Analysts

Shares of Netskope Inc. (NASDAQ:NTSK) have earned an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.8750.

NTSK has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Netskope in a research report on Wednesday, February 11th. Mizuho reduced their price target on Netskope from $26.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $26.00 price objective on shares of Netskope in a research report on Friday, December 12th. KeyCorp decreased their target price on shares of Netskope from $24.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Robert W. Baird initiated coverage on shares of Netskope in a research report on Monday, October 27th. They set an “outperform” rating and a $27.00 price target for the company.

Insider Activity

In other Netskope news, CFO Matto Andrew H. Del sold 49,875 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $17.16, for a total transaction of $855,855.00. Following the transaction, the chief financial officer owned 41,493 shares in the company, valued at approximately $712,019.88. This represents a 54.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Beri sold 31,594 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $17.58, for a total transaction of $555,422.52. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,049,721 shares of company stock valued at $18,020,279.

Institutional Trading of Netskope

A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new position in Netskope during the fourth quarter valued at $25,000. Quarry LP purchased a new position in shares of Netskope in the 3rd quarter worth about $41,000. Triumph Capital Management boosted its stake in Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after purchasing an additional 1,900 shares in the last quarter. Wells Fargo & Company MN grew its position in Netskope by 261.7% during the 4th 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, Assetmark Inc. bought a new stake in Netskope during the 3rd quarter valued at about $83,000.

Netskope Trading Up 1.1%

NTSK stock opened at $11.66 on Friday. The company has a 50 day moving average price of $15.70. The company has a market capitalization of $4.59 billion and a price-to-earnings ratio of -116.60. Netskope has a 12 month low of $10.96 and a 12 month high of $27.99. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Thursday, December 11th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.15. The business had revenue of $184.17 million for the quarter, compared to analysts’ expectations of $175.81 million. Netskope’s revenue for the quarter was up 33.0% compared to the same quarter last year.

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. 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.