Netskope (NASDAQ:NTSK – Get Free Report) had its target price hoisted by equities researchers at Rosenblatt Securities from $18.00 to $19.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 38.18% from the company’s previous close.
A number of other brokerages have also weighed in on NTSK. BTIG Research boosted their price objective on shares of Netskope from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen reaffirmed a “buy” rating and issued a $19.00 price target on shares of Netskope in a research note on Monday, August 17th. Robert W. Baird lifted their target price on shares of Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday. Oppenheimer upped their price objective on shares of Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company upped their price target on Netskope from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Netskope currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.34.
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Netskope Price Performance
Netskope (NASDAQ:NTSK – Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. 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. On average, equities research analysts anticipate that Netskope will post -0.88 earnings per share for the current fiscal year.
Insider Activity at Netskope
In related news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13. Following the completion of the transaction, the insider directly owned 336,173 shares of the company’s stock, valued at $3,089,429.87. This represents a 79.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arif Janmohamed sold 1,313,827 shares of Netskope stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13. Following the sale, the director directly owned 336,173 shares in the company, valued at approximately $3,089,429.87. The trade was a 79.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety 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.
Institutional Investors Weigh In On Netskope
A number of hedge funds and other institutional investors have recently bought and sold shares of NTSK. Scge Management L.P. bought a new stake in shares of Netskope in the 3rd quarter worth approximately $312,104,000. Vanguard Group Inc. grew its position in Netskope by 51.5% during the 4th quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock valued at $93,536,000 after purchasing an additional 1,812,857 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Netskope by 14.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock valued at $62,383,000 after purchasing an additional 456,321 shares in the last quarter. Public Sector Pension Investment Board purchased a new position in Netskope in the fourth quarter worth about $60,882,000. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Netskope by 15.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,135,851 shares of the company’s stock valued at $55,003,000 after buying an additional 415,505 shares during the last quarter.
Netskope News Roundup
Here are the key news stories impacting Netskope this week:
- Positive Sentiment: Strong quarterly performance: Netskope reported fiscal Q2 revenue of approximately $220.5 million, up 29% year over year, while adjusted EPS was a loss of $0.03 versus the consensus estimate of a $0.26 loss. Annual recurring revenue increased 27% to $899 million, and management said results exceeded guidance across every metric. Netskope Announces Strong Second Quarter Fiscal 2027 Financial Results
- Positive Sentiment: Raised financial outlook: Netskope forecast third-quarter revenue of $227 million to $229 million, above analysts’ $226.6 million estimate, and projected a narrower EPS loss of $0.03 to $0.04. Full-year fiscal 2027 revenue guidance was increased to $888 million-$892 million from a consensus estimate of $881 million, while the expected EPS loss of $0.15 is substantially better than the $0.32 analyst forecast. Netskope Raises Fiscal 2027 Revenue Outlook
- Positive Sentiment: AI and cloud-security demand remain a growth catalyst: Coverage highlights Netskope as a smaller cybersecurity company benefiting from increased enterprise adoption of AI, cloud applications and related security tools. AI Boom Powers Growth in Netskope
- Neutral Sentiment: Analyst sentiment is constructive but not uniformly bullish: Analysts currently assign Netskope an average “Moderate Buy” rating. The improved guidance supports potential estimate upgrades, although the company remains unprofitable and trades with a negative P/E ratio. Netskope Given Moderate Buy Rating
- Negative Sentiment: Profitability remains a concern: Despite beating EPS expectations, Netskope still posted a net loss and continues to guide for negative fiscal-year earnings. After the initial positive reaction to the earnings release, investors may be locking in gains following the stock’s rebound from its 52-week low.
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.
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