Stephens upgraded shares of Netskope (NASDAQ:NTSK – Free Report) to a strong-buy rating in a report issued on Monday morning,Zacks reports.
Other equities analysts have also issued reports about the stock. Piper Sandler upped their price objective on shares of Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. boosted their target price on Netskope from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Rosenblatt Securities upped their price target on Netskope from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Mizuho set a $16.00 price target on Netskope in a research report on Wednesday, August 19th. Finally, BMO Capital Markets boosted their price objective on Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Netskope currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.12.
View Our Latest Analysis on Netskope
Netskope Price Performance
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, beating the consensus estimate 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 analysts expect that Netskope will post -0.82 EPS for the current year.
Insiders Place Their Bets
In related news, major shareholder Iconiq Strategic Partners Viii bought 64,771 shares of the stock in a transaction dated Monday, July 13th. The stock was acquired at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the acquisition, the insider owned 916,690 shares in the company, valued at approximately $11,385,289.80. This represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William J.G. Griffith bought 64,771 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average cost of $12.42 per share, with a total value of $804,455.82. Following the completion of the transaction, the director owned 916,690 shares in the company, valued at approximately $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 1,833,380 shares of company stock worth $21,960,909 and have sold 240,317 shares worth $2,961,806. 25.52% of the stock is owned by company insiders.
Institutional Investors Weigh In On Netskope
Several large investors have recently modified their holdings of NTSK. Leonteq Securities AG acquired a new position in shares of Netskope in the 4th quarter valued at $64,000. Rockefeller Capital Management L.P. grew its position in Netskope by 199,900.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock worth $70,000 after purchasing an additional 3,998 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Netskope during the 4th quarter worth $87,000. Operose Advisors LLC acquired a new position in Netskope in the second quarter valued at $56,000. Finally, FNY Investment Advisers LLC increased its stake in Netskope by 88.9% in the second quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock valued at $92,000 after purchasing an additional 4,000 shares during the period.
About Netskope
Netskope, Inc is a cybersecurity company that provides a cloud-native platform designed to help organizations secure data, users, devices, applications and networks. Its offerings address security needs arising from cloud computing, remote work and the use of software-as-a-service applications.
The company’s platform includes security service edge (SSE) and secure access service edge (SASE) capabilities, such as cloud access security broker (CASB) services, secure web gateways, zero-trust network access, data loss prevention, cloud firewall functionality and security analytics.
Recommended Stories
- Five stocks we like better than Netskope
- Analysts See Double-Digit Upside for These 3 Stocks
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
Receive News & Ratings for Netskope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netskope and related companies with MarketBeat.com's FREE daily email newsletter.
