Netskope (NASDAQ:NTSK) Price Target Raised to $22.00

Netskope (NASDAQ:NTSK) had its target price lifted by BTIG Research from $18.00 to $22.00 in a report released on Tuesday morning, MarketBeat Ratings reports. BTIG Research currently has a buy rating on the stock.

NTSK has been the subject of several other reports. Robert W. Baird upped their price target on Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Rosenblatt Securities boosted their target price on shares of Netskope from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Piper Sandler upped their target price on shares of Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft set a $17.00 price target on shares of Netskope in a research note on Monday, August 17th. Finally, Mizuho set a $16.00 price objective on shares of Netskope in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.32.

Netskope Trading Up 1.9%

Shares of Netskope stock opened at $19.61 on Tuesday. Netskope has a fifty-two week low of $7.66 and a fifty-two week high of $24.98. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. The company has a market capitalization of $8.01 billion and a P/E ratio of -7.69. The company has a fifty day moving average of $15.87 and a 200 day moving average of $12.44.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. The business had revenue of $220.54 million for the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%.Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. On average, sell-side analysts anticipate that Netskope will post -0.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Netskope

In other Netskope news, Director William J.G. Griffith bought 64,771 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were purchased at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the transaction, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Iconiq Strategic Partners Viii purchased 64,771 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was acquired at an average cost of $12.42 per share, with a total value of $804,455.82. Following the acquisition, the insider owned 916,690 shares in the company, valued at $11,385,289.80. The trade was a 7.60% increase in their position. The disclosure for this purchase is available in the SEC filing. 25.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netskope

Several large investors have recently added to or reduced their stakes in NTSK. Silicon Valley Capital Partners purchased a new stake in Netskope during the second quarter valued at approximately $329,000. Engineers Gate Manager LP boosted its holdings in shares of Netskope by 6.0% in the 2nd quarter. Engineers Gate Manager LP now owns 91,521 shares of the company’s stock worth $1,001,000 after purchasing an additional 5,166 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Netskope by 351.2% in the 2nd quarter. Squarepoint Ops LLC now owns 65,965 shares of the company’s stock worth $722,000 after purchasing an additional 51,344 shares during the period. Arizona State Retirement System increased its position in shares of Netskope by 102.0% during the 2nd quarter. Arizona State Retirement System now owns 33,496 shares of the company’s stock valued at $366,000 after purchasing an additional 16,917 shares during the last quarter. Finally, Operose Advisors LLC purchased a new stake in Netskope during the 2nd quarter valued at $56,000.

Netskope Company Profile

Netskope, Inc is a cloud security company that provides technology for protecting data, users, applications and networks in modern digital environments. Its platform is designed to help organizations secure access to cloud services, web applications, private applications and other internet-connected resources while supporting distributed workforces and hybrid IT infrastructures.

The company’s products include cloud access security broker (CASB) capabilities, secure web gateway services, zero trust network access, data loss prevention, cloud firewall functionality and security analytics.