Netskope (NASDAQ:NTSK) Price Target Lowered to $17.00 at Citizens Jmp

Netskope (NASDAQ:NTSK) had its target price decreased by Citizens Jmp from $23.00 to $17.00 in a research note published on Friday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

A number of other analysts have also issued reports on NTSK. Morgan Stanley cut their target price on Netskope from $27.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft cut their target price on Netskope from $22.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Royal Bank Of Canada cut their target price on Netskope from $19.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. William Blair set a $21.00 target price on Netskope in a research report on Thursday, March 12th. Finally, BMO Capital Markets cut their target price on Netskope from $26.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Netskope has a consensus rating of “Moderate Buy” and a consensus target price of $18.26.

Netskope Trading Up 5.6%

Shares of NASDAQ:NTSK traded up $0.56 during midday trading on Friday, reaching $10.52. 4,735,214 shares of the company’s stock were exchanged, compared to its average volume of 4,070,263. The firm’s 50 day simple moving average is $9.78 and its two-hundred day simple moving average is $15.31. The company has a debt-to-equity ratio of 3.71, a current ratio of 2.13 and a quick ratio of 2.12. The stock has a market cap of $4.21 billion and a price-to-earnings ratio of -75.14. Netskope has a fifty-two week low of $7.66 and a fifty-two week high of $27.99.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $196.33 million for the quarter. Netskope’s quarterly revenue was up 32.2% compared to the same quarter last year. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS. As a group, sell-side analysts forecast that Netskope will post -0.19 EPS for the current fiscal year.

Institutional Trading of Netskope

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in shares of Netskope during the fourth quarter worth $25,000. Quarry LP purchased a new stake in shares of Netskope during the third quarter worth $41,000. Triumph Capital Management increased its position in shares of Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares during the period. Wells Fargo & Company MN increased its position in shares of Netskope by 261.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after acquiring an additional 2,617 shares during the period. Finally, Assetmark Inc. purchased a new stake in shares of Netskope during the third quarter worth $83,000.

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.