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

Netskope (NASDAQ:NTSK) had its target price raised by JPMorgan Chase & Co. from $14.00 to $16.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also recently weighed in on NTSK. Piper Sandler decreased their price target on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, June 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $17.00 target price on Netskope in a research report on Monday, August 17th. Royal Bank Of Canada upped their target price on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Oppenheimer raised their price target on Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $15.09 on Wednesday. The company has a 50 day moving average of $12.97 and a 200 day moving average of $11.22. The stock has a market cap of $6.10 billion and a P/E ratio of -75.45. Netskope has a 12 month low of $7.66 and a 12 month high of $27.99. 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 posted its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The business’s revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. As a group, sell-side analysts forecast that Netskope will post -0.88 EPS for the current fiscal year.

Insider Transactions at Netskope

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of Netskope stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.23, for a total transaction of $2,679,287.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J.G. Griffith acquired 64,771 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was purchased at an average price of $12.42 per share, with a total value of $804,455.82. Following the completion of the acquisition, the director directly owned 916,690 shares in the company, valued at approximately $11,385,289.80. This represents a 7.60% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, 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 Trading of Netskope

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. bought a new position in Netskope during the third quarter valued at approximately $249,000. Legal & General Group Plc bought a new stake in shares of Netskope in the 3rd quarter worth approximately $1,677,000. Franklin Resources Inc. purchased a new stake in shares of Netskope in the 3rd quarter valued at $17,460,000. Invesco Ltd. purchased a new stake in shares of Netskope in the 3rd quarter valued at $10,327,000. Finally, Squarepoint Ops LLC bought a new position in shares of Netskope during the 3rd quarter valued at $14,774,000.

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.