Netskope (NASDAQ:NTSK) Given New $18.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Netskope’s price target to $18 from $16 and maintained an “overweight” rating, implying 25.52% upside. Analysts overall have a “Moderate Buy” consensus and an average target of $19.03.
• Netskope reported fiscal Q2 revenue of approximately $220.5 million and an adjusted loss of $0.03 per share, beating expectations. Management also raised fiscal 2027 revenue guidance to $888 million–$892 million, though the company remains unprofitable on a GAAP basis.
• Shares traded at $14.34, giving Netskope a market capitalization of about $5.79 billion. Insider activity was mixed, with significant recent selling partly offset by purchases from a major shareholder.

Netskope (NASDAQ:NTSK - Get Free Report) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $16.00 to $18.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 25.52% from the stock's current price.

Other equities analysts also recently issued reports about the company. Piper Sandler boosted their price objective on Netskope from $18.00 to $20.00 and gave the company an "overweight" rating in a research report on Thursday. BTIG Research lifted their target price on Netskope from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday. Weiss Ratings reissued a "sell (e+)" rating on shares of Netskope in a report on Wednesday, July 8th. TD Cowen restated a "buy" rating and issued a $19.00 price target on shares of Netskope in a research note on Monday, August 17th. Finally, Oppenheimer increased their price objective on shares of Netskope from $16.00 to $19.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.03.

Netskope Price Performance

Shares of NASDAQ NTSK traded up $0.59 during midday trading on Thursday, reaching $14.34. The stock had a trading volume of 12,942,447 shares, compared to its average volume of 4,697,427. The company has a market capitalization of $5.79 billion and a price-to-earnings ratio of -71.70. Netskope has a 12-month low of $7.66 and a 12-month high of $27.99. The stock has a 50-day moving average of $13.27 and a 200-day moving average of $11.27. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17.

Netskope (NASDAQ:NTSK - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.23. The firm had revenue of $220.54 million for the quarter. 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, research analysts anticipate that Netskope will post -0.88 EPS for the current fiscal year.

Insider Transactions at Netskope

In related news, Director Arif Janmohamed sold 1,313,827 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 336,173 shares of the company's stock, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of Netskope stock in a transaction that occurred on Wednesday, July 8th. The stock was acquired at an average price of $11.82 per share, for a total transaction of $7,213,639.62. Following the transaction, the insider directly owned 610,291 shares of the company's stock, valued at $7,213,639.62. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 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 insiders.

Institutional Trading of Netskope

Several hedge funds have recently made changes to their positions in the business. Scge Management L.P. bought a new position in shares of Netskope in the 3rd quarter valued at about $312,104,000. Public Sector Pension Investment Board bought a new stake in Netskope during the fourth quarter worth approximately $60,882,000. Wasatch Advisors LP purchased a new stake in Netskope during the second quarter valued at approximately $25,107,000. Vanguard Group Inc. raised its position in Netskope by 51.5% during the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company's stock valued at $93,536,000 after purchasing an additional 1,812,857 shares during the period. Finally, BIT Capital GmbH bought a new stake in shares of Netskope in the 4th quarter valued at approximately $27,683,000.

Netskope News Summary

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported fiscal Q2 revenue of approximately $221 million, up 29% year over year, while adjusted loss per share was $0.03 versus the $0.26 loss analysts expected. Annual recurring revenue rose 27% to $899 million, and management said results exceeded guidance across every key metric. Netskope Announces Strong Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to $888 million-$892 million from prior expectations, above the roughly $881 million consensus. The company also forecast a fiscal-year loss of $0.15 per share, substantially better than the $0.32 loss analysts had projected. Third-quarter revenue guidance of $227 million-$229 million and an EPS loss of $0.03-$0.04 also exceeded consensus expectations. Netskope Raises Fiscal 2027 Revenue Outlook
• Positive Sentiment: Several firms raised their price targets and maintained bullish ratings: RBC and Robert W. Baird moved to $20 with “outperform” ratings, Rosenblatt raised its target to $19 with a “buy” rating, and BTIG lifted its target to $18 with a “buy” rating. Zacks also upgraded NTSK to Rank #2, or “Buy.”
• Positive Sentiment: Morgan Stanley said Netskope appears well positioned to capture the artificial-intelligence opportunity following the fiscal Q2 upside. Broader investor commentary also highlights the company as a relatively smaller cybersecurity player benefiting from AI-driven demand. Netskope Positioned to Capture AI Opportunity
• Neutral Sentiment: Despite the improved outlook, Netskope remains unprofitable on a GAAP basis, so future performance will depend on sustaining growth while progressing toward profitability.

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.

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