Netskope Inc. (NASDAQ:NTSK) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Netskope Inc. (NASDAQ:NTSK) have earned an average rating of “Moderate Buy” from the twenty brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $17.1579.

Several research firms have recently weighed in on NTSK. Rosenblatt Securities began coverage on Netskope in a research report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. Robert W. Baird lowered their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Mizuho lowered their price objective on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Netskope in a research report on Friday, March 27th. Finally, BTIG Research lowered their price objective on Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 4th.

Insider Transactions at Netskope

In related news, Director Arif Janmohamed sold 336,173 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Lightspeed Venture Partners Se sold 336,173 shares of Netskope stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. The SEC filing for this sale provides additional information. Insiders sold a total of 3,300,000 shares of company stock valued at $30,199,254 over the last ninety days. 25.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Netskope

A number of hedge funds have recently added to or reduced their stakes in NTSK. ICONIQ Capital LLC acquired a new position in Netskope during the 3rd quarter valued at about $1,506,261,000. Scge Management L.P. acquired a new position in Netskope during the 3rd quarter valued at about $312,104,000. Vanguard Group Inc. purchased a new position in shares of Netskope in the 3rd quarter worth approximately $80,006,000. Public Sector Pension Investment Board purchased a new position in shares of Netskope in the 4th quarter worth approximately $60,882,000. Finally, Bamco Inc. NY purchased a new position in shares of Netskope in the 3rd quarter worth approximately $52,888,000.

Netskope Stock Performance

NTSK stock opened at $9.05 on Friday. The stock has a 50-day moving average price of $10.32 and a 200-day moving average price of $12.74. Netskope has a 1-year low of $7.66 and a 1-year high of $27.99. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The firm has a market cap of $3.66 billion and a PE ratio of -45.25.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. Netskope’s revenue for the quarter was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. As a group, equities research analysts expect that Netskope will post -0.88 earnings per share for the current year.

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.