Netskope (NASDAQ:NTSK) Given New $18.00 Price Target at BTIG Research

Netskope (NASDAQ:NTSK) had its target price upped by stock analysts at BTIG Research from $17.00 to $18.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target would suggest a potential upside of 30.91% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Netskope in a report on Wednesday, July 8th. Robert W. Baird raised their target price on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday. KeyCorp lifted their price target on Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Mizuho set a $16.00 price target on Netskope in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada increased their price objective on Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.13.

Netskope Price Performance

Shares of NASDAQ NTSK opened at $13.75 on Thursday. The business’s 50 day moving average price is $13.27 and its 200 day moving average price is $11.27. The firm has a market cap of $5.55 billion and a P/E ratio of -68.75. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06.

Netskope (NASDAQ:NTSK) last announced 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 has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. On average, sell-side analysts expect that Netskope will post -0.88 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was acquired at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the purchase, the insider directly owned 610,291 shares in the company, valued at approximately $7,213,639.62. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13. Following the completion of the transaction, the insider owned 336,173 shares in the company, valued at $3,089,429.87. This represents a 79.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have bought 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netskope

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Scge Management L.P. acquired a new position in shares of Netskope in the 3rd quarter valued at $312,104,000. Vanguard Group Inc. lifted its position in Netskope by 51.5% in the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock valued at $93,536,000 after buying an additional 1,812,857 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Netskope by 14.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock valued at $62,383,000 after buying an additional 456,321 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in Netskope during the fourth quarter worth about $60,882,000. Finally, TimesSquare Capital Management LLC increased its position in shares of Netskope by 15.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,135,851 shares of the company’s stock valued at $55,003,000 after acquiring an additional 415,505 shares during the last quarter.

Key Stories Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Strong quarterly performance: Netskope reported fiscal Q2 revenue of approximately $220.5 million, up 29% year over year, while adjusted EPS was a loss of $0.03 versus the consensus estimate of a $0.26 loss. Annual recurring revenue increased 27% to $899 million, and management said results exceeded guidance across every metric. Netskope Announces Strong Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Raised financial outlook: Netskope forecast third-quarter revenue of $227 million to $229 million, above analysts’ $226.6 million estimate, and projected a narrower EPS loss of $0.03 to $0.04. Full-year fiscal 2027 revenue guidance was increased to $888 million-$892 million from a consensus estimate of $881 million, while the expected EPS loss of $0.15 is substantially better than the $0.32 analyst forecast. Netskope Raises Fiscal 2027 Revenue Outlook
• Positive Sentiment: AI and cloud-security demand remain a growth catalyst: Coverage highlights Netskope as a smaller cybersecurity company benefiting from increased enterprise adoption of AI, cloud applications and related security tools. AI Boom Powers Growth in Netskope
• Neutral Sentiment: Analyst sentiment is constructive but not uniformly bullish: Analysts currently assign Netskope an average “Moderate Buy” rating. The improved guidance supports potential estimate upgrades, although the company remains unprofitable and trades with a negative P/E ratio. Netskope Given Moderate Buy Rating
• Negative Sentiment: Profitability remains a concern: Despite beating EPS expectations, Netskope still posted a net loss and continues to guide for negative fiscal-year earnings. After the initial positive reaction to the earnings release, investors may be locking in gains following the stock’s rebound from its 52-week low.

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.