Netskope (NASDAQ:NTSK) Price Target Raised to $18.00

Netskope (NASDAQ:NTSK) had its price target lifted by BTIG Research from $17.00 to $18.00 in a research note released on Thursday, MarketBeat reports. They currently have a buy rating on the stock.

NTSK has been the subject of a number of other reports. Piper Sandler raised their price target on shares of Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company upped their price objective on shares of Netskope from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. Royal Bank Of Canada raised their target price on shares of Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, Mizuho set a $16.00 target price on shares of Netskope in a research report on Wednesday, August 19th. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Netskope currently has an average rating of “Moderate Buy” and a consensus price target of $19.03.

Netskope Stock Down 2.8%

Netskope stock opened at $13.94 on Thursday. The business’s 50-day simple moving average is $13.44 and its two-hundred day simple moving average is $11.31. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.16 and a current ratio of 2.01. The company has a market cap of $5.63 billion and a PE ratio of -5.47. Netskope has a fifty-two week low of $7.66 and a fifty-two week high of $27.99.

Netskope (NASDAQ:NTSK) last announced 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 return on equity of 83.84% and a negative net margin of 91.84%.The firm 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 anticipate that Netskope will post -0.88 EPS for the current year.

Insider Buying and Selling

In other news, Director William J.G. Griffith bought 64,771 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the purchase, the director directly owned 916,690 shares in the company, valued at approximately $11,385,289.80. This trade represents a 7.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Iconiq Strategic Partners Viii purchased 64,771 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were purchased at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the acquisition, the insider directly owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This represents a 7.60% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Institutional Investors Weigh In On Netskope

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new position in Netskope during the fourth quarter worth approximately $25,000. Quarry LP purchased a new stake in shares of Netskope in the third quarter valued at approximately $41,000. Triumph Capital Management raised its stake in shares of Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares during the period. Wells Fargo & Company MN raised its stake in shares of Netskope by 261.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after buying an additional 2,617 shares during the period. Finally, Leonteq Securities AG purchased a new position in shares of Netskope during the 4th quarter valued at approximately $64,000.

Netskope News Summary

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported fiscal Q2 revenue of $220.5 million, exceeding expectations, while adjusted earnings per share of negative $0.03 were substantially better than the consensus estimate of negative $0.26. Netskope shares rise after Q2 revenue exceeds estimates
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook to $888 million-$892 million and forecast fiscal Q3 revenue of $227 million-$229 million, signaling continued demand for its cybersecurity and cloud security products. Netskope raises fiscal 2027 revenue outlook
• Positive Sentiment: Analysts raised their price targets following the report: JPMorgan to $18, RBC and Baird to $20, Rosenblatt to $19, and BTIG to $18. The firms maintained bullish ratings ranging from “overweight” to “buy” and “outperform.”
• Positive Sentiment: Morgan Stanley said Netskope is well positioned to benefit from artificial-intelligence-related cybersecurity demand, while Zacks upgraded the stock to Rank #2, or “Buy.” Netskope positioned to capture AI opportunity
• Neutral Sentiment: Analysts collectively rate Netskope “Moderate Buy,” indicating favorable expectations but not unanimous conviction.
• Negative Sentiment: Netskope remains unprofitable, with a reported negative net margin and negative return on equity. Its sizable debt relative to equity could also temper enthusiasm despite the improved forecast.

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.