Netskope (NASDAQ:NTSK – Free Report) had its price objective boosted by Royal Bank Of Canada from $18.00 to $20.00 in a research note issued to investors on Thursday morning, Marketbeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.
A number of other analysts have also recently commented on the stock. Robert W. Baird upped their price target on shares of Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday. Piper Sandler boosted their target price on shares of Netskope from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company increased their target price on Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft set a $17.00 price target on Netskope in a report on Monday, August 17th. Finally, Morgan Stanley boosted their price objective on Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.03.
Read Our Latest Research Report on Netskope
Netskope Stock Down 2.8%
Netskope (NASDAQ:NTSK – Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.23. The business had revenue of $220.54 million for 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. As a group, equities research analysts predict that Netskope will post -0.88 earnings per share for the current year.
Insider Activity
In other news, Director William J.G. Griffith purchased 610,291 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was purchased at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the acquisition, the director directly owned 610,291 shares in the company, valued at approximately $7,213,639.62. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arif Janmohamed sold 1,313,827 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. In the last quarter, 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. Company insiders own 25.52% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in Netskope during the 3rd quarter valued at $249,000. Legal & General Group Plc bought a new stake in Netskope in the 3rd quarter worth $1,677,000. Franklin Resources Inc. bought a new stake in Netskope in the 3rd quarter worth $17,460,000. Invesco Ltd. purchased a new position in shares of Netskope in the third quarter valued at about $10,327,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Netskope in the third quarter valued at about $14,774,000.
Netskope News Summary
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.
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.
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