Netskope Inc. (NASDAQ:NTSK) Receives $26.55 Consensus Target Price from Brokerages

Shares of Netskope Inc. (NASDAQ:NTSK) have earned a consensus rating of “Buy” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. Sixteen research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.9375.

Several equities research analysts have recently commented on the company. Wall Street Zen raised Netskope to a “hold” rating in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft began coverage on Netskope in a report on Monday, October 13th. They set a “buy” rating and a $25.00 price objective for the company. TD Cowen initiated coverage on Netskope in a report on Monday, October 13th. They issued a “buy” rating and a $30.00 price target for the company. Mizuho initiated coverage on shares of Netskope in a research report on Monday, October 13th. They issued an “outperform” rating and a $25.00 price objective for the company. Finally, William Blair initiated coverage on shares of Netskope in a research report on Monday, October 13th. They issued an “outperform” rating for the company.

Netskope Trading Down 2.5%

Shares of NTSK stock opened at $22.24 on Monday. Netskope has a 52-week low of $21.00 and a 52-week high of $27.99.

Insider Activity at Netskope

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

About Netskope

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.