Netskope (NASDAQ:NTSK) Given New $16.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Netskope’s price target to $16 from $14 while maintaining an “overweight” rating, implying 16.66% upside from the prior close.
• Analyst sentiment remains broadly positive: Netskope has a “Moderate Buy” consensus rating and an average price target of $17.71, supported by 16 Buy or Strong Buy ratings.
• Netskope reported quarterly revenue of $201.59 million, up 27.8% year over year, and posted an adjusted loss of $0.06 per share that beat estimates by $0.01. However, insiders sold more shares than they bought over the past 90 days.

Netskope (NASDAQ:NTSK - Get Free Report) had its price objective increased by JPMorgan Chase & Co. from $14.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 16.66% from the stock's previous close.

Several other brokerages have also issued reports on NTSK. TD Cowen reaffirmed a "buy" rating and set a $19.00 price target on shares of Netskope in a research note on Monday, August 17th. KeyCorp increased their price objective on Netskope from $16.00 to $17.50 and gave the company an "overweight" rating in a research report on Friday. Mizuho set a $16.00 price objective on Netskope in a report on Wednesday, August 19th. Citizens Jmp cut their target price on Netskope from $23.00 to $17.00 and set a "market outperform" rating for the company in a research note on Friday, May 1st. Finally, BTIG Research reduced their price target on shares of Netskope from $17.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $17.71.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $13.71 on Wednesday. The company's fifty day moving average price is $12.63 and its 200-day moving average price is $11.16. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The firm has a market capitalization of $5.54 billion and a price-to-earnings ratio of -68.33. Netskope has a one year low of $7.66 and a one year high of $27.99.

Netskope (NASDAQ:NTSK - Get Free Report) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. The firm'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, equities research analysts anticipate that Netskope will post -0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Arif Janmohamed sold 1,313,827 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were 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 in the company, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William J.G. Griffith acquired 610,291 shares of the business's stock in a transaction that occurred on Wednesday, July 8th. The stock was purchased at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the acquisition, the director directly owned 610,291 shares of the company's stock, valued at $7,213,639.62. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 1,833,380 shares of company stock worth $21,960,909 and sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Netskope

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTSK. Envestnet Asset Management Inc. purchased a new position in Netskope during the third quarter valued at approximately $249,000. Legal & General Group Plc bought a new position in shares of Netskope in the third quarter worth about $1,677,000. Franklin Resources Inc. purchased a new stake in shares of Netskope during the third quarter worth about $17,460,000. Invesco Ltd. purchased a new stake in shares of Netskope during the third quarter worth about $10,327,000. Finally, Squarepoint Ops LLC bought a new stake in Netskope during the 3rd quarter valued at approximately $14,774,000.

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.

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