Netskope (NASDAQ:NTSK – Get Free Report) was upgraded by Stephens to a “strong-buy” rating in a report released on Monday, Zacks reports.
NTSK has been the topic of several other reports. Deutsche Bank Aktiengesellschaft set a $17.00 price target on shares of Netskope in a research note on Monday, August 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. 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. BTIG Research raised their target price on shares of Netskope from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, KeyCorp lifted their target price on shares of Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research note on Friday, August 21st. One equities 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.12.
Check Out Our Latest Analysis on Netskope
Netskope Stock Down 1.0%
Netskope (NASDAQ:NTSK – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%.The business 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. As a group, equities research analysts forecast that Netskope will post -0.82 earnings per share for the current fiscal year.
Insider Buying and Selling at Netskope
In other Netskope news, major shareholder Iconiq Strategic Partners Viii purchased 64,771 shares of the stock in a transaction on Monday, July 13th. The stock was bought at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the acquisition, the insider directly owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director William J.G. Griffith acquired 64,771 shares of the company’s stock in a transaction dated Monday, July 13th. The shares were bought at an average cost of $12.42 per share, with a total value of $804,455.82. Following the purchase, the director owned 916,690 shares in the company, valued at approximately $11,385,289.80. The trade was a 7.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 1,833,380 shares of company stock worth $21,960,909 and sold 240,317 shares worth $2,961,806. 25.52% of the stock is owned by company insiders.
Hedge Funds Weigh In On Netskope
A number of hedge funds have recently made changes to their positions in the stock. Operose Advisors LLC acquired a new stake in shares of Netskope during the 2nd quarter worth $56,000. Leonteq Securities AG acquired a new position in Netskope in the fourth quarter valued at $64,000. Rockefeller Capital Management L.P. grew its position in Netskope by 199,900.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock valued at $70,000 after acquiring an additional 3,998 shares during the period. Assetmark Inc. grew its position in Netskope by 57.6% during the first quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock valued at $79,000 after acquiring an additional 3,385 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Netskope during the fourth quarter worth about $87,000.
Netskope Company Profile
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.
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