Netskope (NASDAQ:NTSK) Price Target Raised to $20.00

Netskope (NASDAQ:NTSK) had its price target lifted by Robert W. Baird from $18.00 to $20.00 in a research note released on Thursday, MarketBeat.com reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Piper Sandler lifted their price target on Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank Of Canada upped their price objective on Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. raised their price objective on Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft set a $17.00 target price on Netskope in a report on Monday, August 17th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.03.

Netskope Price Performance

NTSK stock opened at $13.94 on Thursday. 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 2.01 and a debt-to-equity ratio of 4.45. The company has a fifty day simple moving average of $13.44 and a two-hundred day simple moving average of $11.31. The firm has a market capitalization of $5.63 billion and a P/E ratio of -5.47.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. The business had revenue of $220.54 million during the quarter. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. Analysts anticipate that Netskope will post -0.88 earnings per share for the current fiscal year.

Insider Activity

In other Netskope news, Director William J.G. Griffith bought 64,771 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly owned 916,690 shares of the company’s stock, valued at approximately $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Iconiq Strategic Partners Viii bought 64,771 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were acquired at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the purchase, the insider owned 916,690 shares of the company’s stock, valued at approximately $11,385,289.80. The trade was a 7.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netskope

Institutional investors and hedge funds have recently modified their holdings of the business. Scge Management L.P. purchased a new position in Netskope during the 3rd quarter valued at $312,104,000. Public Sector Pension Investment Board purchased a new stake in Netskope in the fourth quarter worth $60,882,000. Wasatch Advisors LP bought a new stake in shares of Netskope during the second quarter worth $25,107,000. Vanguard Group Inc. lifted its position in shares of Netskope by 51.5% during the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock worth $93,536,000 after purchasing an additional 1,812,857 shares during the last quarter. Finally, BIT Capital GmbH purchased a new stake in shares of Netskope during the fourth quarter valued at $27,683,000.

More Netskope News

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported fiscal Q2 revenue of $220.5 million, exceeding expectations, while adjusted earnings per share of negative $0.03 were substantially better than the consensus estimate of negative $0.26. Netskope shares rise after Q2 revenue exceeds estimates
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook to $888 million-$892 million and forecast fiscal Q3 revenue of $227 million-$229 million, signaling continued demand for its cybersecurity and cloud security products. Netskope raises fiscal 2027 revenue outlook
• Positive Sentiment: Analysts raised their price targets following the report: JPMorgan to $18, RBC and Baird to $20, Rosenblatt to $19, and BTIG to $18. The firms maintained bullish ratings ranging from “overweight” to “buy” and “outperform.”
• Positive Sentiment: Morgan Stanley said Netskope is well positioned to benefit from artificial-intelligence-related cybersecurity demand, while Zacks upgraded the stock to Rank #2, or “Buy.” Netskope positioned to capture AI opportunity
• Neutral Sentiment: Analysts collectively rate Netskope “Moderate Buy,” indicating favorable expectations but not unanimous conviction.
• Negative Sentiment: Netskope remains unprofitable, with a reported negative net margin and negative return on equity. Its sizable debt relative to equity could also temper enthusiasm despite the improved forecast.

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.