Analysts Set Netskope Inc. (NASDAQ:NTSK) PT at $17.71

Netskope Inc. (NASDAQ:NTSK) has earned an average rating of “Moderate Buy” from the twenty research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $19.0263.

A number of brokerages recently issued reports on NTSK. JPMorgan Chase & Co. raised their target price on shares of Netskope from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday. TD Cowen reiterated a “buy” rating and issued a $19.00 price target on shares of Netskope in a report on Monday, August 17th. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on Netskope in a report on Monday, August 17th. Oppenheimer upped their target price on Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, Morgan Stanley increased their target price on Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday.

Netskope Price Performance

NASDAQ:NTSK opened at $13.94 on Thursday. Netskope has a 12-month low of $7.66 and a 12-month high of $27.99. The firm has a market cap of $5.63 billion and a price-to-earnings ratio of -5.47. The company’s 50-day moving average is $13.44 and its two-hundred day moving average is $11.31. The company has a current ratio of 2.01, a quick ratio of 2.16 and a debt-to-equity ratio of 4.45.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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. Research analysts expect that Netskope will post -0.88 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $12.23, for a total value of $2,679,287.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Iconiq Strategic Partners Viii bought 64,771 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was bought at an average price of $12.42 per share, with a total value of $804,455.82. Following the completion of the acquisition, the insider owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This trade represents a 7.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Netskope

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

Key Netskope News

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.