Netskope (NASDAQ:NTSK) Given New $19.00 Price Target at Mizuho

Netskope (NASDAQ:NTSK) had its price objective hoisted by equities research analysts at Mizuho from $16.00 to $19.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho‘s price target would indicate a potential downside of 15.06% from the stock’s previous close.

NTSK has been the topic of a number of other research reports. 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. JPMorgan Chase & Co. upped their price objective on Netskope from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Deutsche Bank set a $17.00 price objective on Netskope in a research report on Monday, August 17th. KeyCorp raised their price objective on Netskope from $16.00 to $17.50 and gave the company an “overweight” rating in a report on Friday, August 21st. Finally, Stephens began coverage on Netskope in a research report on Monday, September 14th. They issued an “overweight” rating and a $21.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.97.

Netskope Price Performance

Shares of NASDAQ NTSK opened at $22.37 on Thursday. The stock’s 50-day simple moving average is $19.55 and its two-hundred day simple moving average is $13.50. Netskope has a twelve month low of $7.66 and a twelve month high of $26.71. The firm has a market capitalization of $9.14 billion, a P/E ratio of -8.77 and a beta of 2.43. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 4.45.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.23. The business had revenue of $220.54 million during 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. As a group, equities analysts anticipate that Netskope will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Netskope

A number of institutional investors have recently made changes to their positions in NTSK. Principal Financial Group Inc. increased its stake in shares of Netskope by 31.4% in the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after buying an additional 608,355 shares during the period. Wasatch Advisors LP purchased a new stake in Netskope during the 2nd quarter valued at $25,107,000. Stephens Investment Management Group LLC boosted its position in Netskope by 1.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,117,368 shares of the company’s stock valued at $19,487,000 after buying an additional 17,214 shares during the period. Weiss Asset Management LP bought a new stake in Netskope in the 1st quarter worth $8,957,000. Finally, New York Life Insurance Co. bought a new stake in Netskope in the 2nd quarter worth $11,325,580.

Netskope Company Profile

Netskope, Inc. provides cybersecurity and networking services that help organizations protect users, data and applications across cloud, web and private-network environments. Its offerings are designed to support distributed workforces and the use of cloud services while applying consistent security policies. The company’s Netskope One platform brings together security and networking capabilities, including secure web access, cloud application security, data loss prevention, threat protection and zero-trust network access.