Netskope (NASDAQ:NTSK) Stock Dropped to “Equal Weight” by Morgan Stanley

Morgan Stanley cut shares of Netskope (NASDAQ:NTSK) from an overweight rating to an equal weight rating in a report published on Friday, MarketBeat reports. They currently have $24.00 target price on the stock, up from their prior target price of $16.00.

Other equities analysts have also recently issued reports about the stock. Oppenheimer boosted their price target on shares of Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Cantor Fitzgerald started coverage on Netskope in a research report on Wednesday, November 4th. They set an “overweight” rating and a $28.00 price objective for the company. BTIG Research boosted their target price on Netskope from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. boosted their target price on Netskope from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netskope in a research report on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Netskope currently has a consensus rating of “Moderate Buy” and an average target price of $20.39.

Netskope Stock Down 2.5%

Shares of NASDAQ NTSK opened at $21.75 on Friday. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. Netskope has a one year low of $7.66 and a one year high of $26.71. The business has a 50-day moving average price of $19.87 and a two-hundred day moving average price of $13.57.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (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. As a group, equities analysts expect that Netskope will post -0.82 earnings per share for the current year.

Insider Activity

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new position in Netskope in the third quarter worth $33,000. Operose Advisors LLC acquired a new position in shares of Netskope during the second quarter worth approximately $56,000. FNY Investment Advisers LLC increased its holdings in shares of Netskope by 88.9% in the second quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock valued at $92,000 after purchasing an additional 4,000 shares in the last quarter. Assetmark Inc. raised its position in Netskope by 57.6% in the 1st quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock worth $79,000 after purchasing an additional 3,385 shares during the last quarter. Finally, Bangor Savings Bank bought a new position in Netskope in the 2nd quarter worth approximately $104,000.

About Netskope

Netskope, Inc. provides cybersecurity and networking services that help organizations protect users, data and applications across cloud, web and private-network environments. Its offerings are designed to support distributed workforces and the use of cloud services while applying consistent security policies. The company’s Netskope One platform brings together security and networking capabilities, including secure web access, cloud application security, data loss prevention, threat protection and zero-trust network access.