Netskope (NASDAQ:NTSK) Price Target Raised to $16.00

Netskope (NASDAQ:NTSK) had its price objective boosted by KeyCorp from $14.00 to $16.00 in a research note released on Thursday, MarketBeat.com reports. KeyCorp currently has an overweight rating on the stock.

Several other analysts also recently issued reports on the stock. Mizuho cut their target price on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. BMO Capital Markets decreased their target price on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Rosenblatt Securities began coverage on Netskope in a report on Tuesday, April 14th. They set a “buy” rating and a $15.00 price target on the stock. Wells Fargo & Company lowered their price target on Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Finally, Royal Bank Of Canada set a $18.00 price target on Netskope in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.21.

Netskope Price Performance

NTSK stock opened at $13.59 on Thursday. Netskope has a one year low of $7.66 and a one year high of $27.99. The firm has a 50-day moving average of $11.01 and a two-hundred day moving average of $11.60. The firm has a market capitalization of $5.49 billion and a PE ratio of -67.95. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, analysts forecast that Netskope will post -0.88 earnings per share for the current year.

Insider Activity at Netskope

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the sale, the insider owned 336,173 shares of the company’s stock, valued at $3,089,429.87. This trade represents a 79.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William J.G. Griffith purchased 610,291 shares of the stock in a transaction dated Wednesday, July 8th. The shares were bought at an average price of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the acquisition, the director owned 610,291 shares in the company, valued at $7,213,639.62. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Institutional Trading of Netskope

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its stake in Netskope by 32.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock valued at $91,000 after purchasing an additional 1,270 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Netskope during the 4th quarter worth about $25,000. Quarry LP purchased a new stake in shares of Netskope during the 3rd quarter worth about $41,000. Triumph Capital Management lifted its holdings in shares of Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after buying an additional 1,900 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Netskope by 60.5% in the 4th quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock valued at $103,000 after buying an additional 2,216 shares in the last quarter.

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. 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.