KeyCorp Boosts Netskope (NASDAQ:NTSK) Price Target to $16.00

Netskope (NASDAQ:NTSK) had its price target increased by equities researchers at KeyCorp from $14.00 to $16.00 in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 17.73% from the stock’s current price.

Several other research analysts also recently issued reports on NTSK. Weiss Ratings reissued a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. Wells Fargo & Company reduced their target price on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, June 5th. Oppenheimer decreased their target price on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Robert W. Baird dropped their price target on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Finally, Rosenblatt Securities initiated coverage on Netskope in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Netskope presently has an average rating of “Moderate Buy” and an average target price of $17.21.

Netskope Trading Up 0.7%

NTSK opened at $13.59 on Thursday. 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 has a 52 week low of $7.66 and a 52 week high of $27.99. The business’s 50 day moving average is $11.01 and its two-hundred day moving average is $11.60. The firm has a market cap of $5.49 billion and a price-to-earnings ratio of -67.95.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. Netskope’s quarterly revenue 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. On average, research analysts predict that Netskope will post -0.88 EPS for the current year.

Insider Activity

In other Netskope news, Director Arif Janmohamed sold 1,313,827 shares of Netskope stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.19, for a total value of $12,074,070.13. Following the sale, the director owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. The trade was a 79.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.19, for a total value of $12,074,070.13. Following the transaction, the insider owned 336,173 shares in the company, valued at $3,089,429.87. The trade was a 79.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have acquired 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is currently owned by company insiders.

Institutional Trading of Netskope

A number of institutional investors have recently modified their holdings of NTSK. Envestnet Asset Management Inc. purchased a new position in Netskope in the third quarter worth $249,000. Legal & General Group Plc acquired a new position in shares of Netskope during the 3rd quarter worth $1,677,000. Franklin Resources Inc. acquired a new position in shares of Netskope during the 3rd quarter worth $17,460,000. Invesco Ltd. purchased a new position in shares of Netskope in the 3rd quarter valued at about $10,327,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Netskope in the third quarter valued at about $14,774,000.

Netskope Company Profile

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.