Shares of Netskope Inc. (NASDAQ:NTSK – Get Free Report) have earned an average recommendation of “Moderate Buy” from the twenty ratings 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 issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $19.0263.
NTSK has been the topic of several recent analyst reports. TD Cowen reaffirmed a “buy” rating and set a $19.00 target price on shares of Netskope in a research report on Monday, August 17th. Royal Bank Of Canada upped their target price on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Wells Fargo & Company lifted their price target on Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Morgan Stanley raised their price objective on Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th.
Check Out Our Latest Stock Report on NTSK
Netskope Trading Up 0.8%
Netskope (NASDAQ:NTSK – Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. The firm had revenue of $220.54 million for 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. Equities research analysts expect that Netskope will post -0.88 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Arif Janmohamed sold 336,173 shares of Netskope stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.00, for a total transaction of $3,025,557.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J.G. Griffith purchased 64,771 shares of Netskope stock in a transaction that occurred on Monday, July 13th. The stock was acquired at an average cost of $12.42 per share, with a total value of $804,455.82. Following the acquisition, the director directly owned 916,690 shares in the company, valued at $11,385,289.80. This trade represents a 7.60% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, 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 hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP acquired a new position in shares of Netskope in the 2nd quarter valued at $25,107,000. Swedbank AB purchased a new stake in shares of Netskope in the 4th quarter valued at approximately $1,801,000. Principal Financial Group Inc. lifted its holdings in shares of Netskope by 31.4% in the 1st quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after acquiring an additional 608,355 shares during the last quarter. New York Life Insurance Co. purchased a new position in shares of Netskope during the 2nd quarter worth approximately $11,325,580. Finally, Strs Ohio acquired a new position in Netskope during the fourth quarter worth $2,719,000.
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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