Wells Fargo & Company Issues Positive Forecast for Netskope (NASDAQ:NTSK) Stock Price

Key Points

• Wells Fargo raised Netskope’s price target from $17 to $22 and maintained an “overweight” rating, implying 12.38% upside. The stock has a consensus rating of “Moderate Buy” and an average target of $18.75.
• Netskope shares fell 2.3% to $19.58 during Thursday trading, despite the company beating quarterly EPS expectations with a loss of $0.03 versus the estimated loss of $0.26.
• Analyst sentiment remains broadly positive, with 14 Buy ratings and one Strong Buy, although Netskope continues to report substantial losses, including a negative net margin of 91.84% and projected full-year EPS of -$0.82.

Netskope (NASDAQ:NTSK - Get Free Report) had its price objective boosted by equities research analysts at Wells Fargo & Company from $17.00 to $22.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective points to a potential upside of 12.38% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. KeyCorp raised their price target on shares of Netskope from $16.00 to $17.50 and gave the company an "overweight" rating in a research report on Friday, August 21st. Oppenheimer upped their price objective on Netskope from $16.00 to $19.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Rosenblatt Securities upped their price objective on Netskope from $18.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. BTIG Research increased their price objective on Netskope from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, October 6th. Finally, TD Cowen reiterated a "buy" rating and issued a $19.00 target price on shares of Netskope in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.75.

Netskope Stock Down 2.3%

Shares of NTSK traded down $0.46 during mid-day trading on Thursday, hitting $19.58. 704,070 shares of the company's stock were exchanged, compared to its average volume of 4,986,347. The company has a market cap of $8.00 billion and a price-to-earnings ratio of -7.78. Netskope has a fifty-two week low of $7.66 and a fifty-two week high of $24.98. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. The stock's 50-day moving average is $16.44 and its 200-day moving average is $12.77.

Netskope (NASDAQ:NTSK - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.23. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. The business had revenue of $220.54 million during 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. On average, sell-side analysts anticipate that Netskope will post -0.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the business's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $14.90, for a total transaction of $158,252.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 25.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netskope

Several institutional investors have recently modified their holdings of NTSK. Triumph Capital Management boosted its holdings in Netskope by 2.9% in the second quarter. Triumph Capital Management now owns 70,505 shares of the company's stock valued at $771,000 after purchasing an additional 1,977 shares in the last quarter. Assetmark Inc. increased its stake in Netskope by 57.6% in the first quarter. Assetmark Inc. now owns 9,264 shares of the company's stock valued at $79,000 after purchasing an additional 3,385 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Netskope by 199,900.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company's stock worth $70,000 after purchasing an additional 3,998 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in Netskope by 88.9% during the second quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company's stock worth $92,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Netskope during the 4th quarter worth approximately $87,000.

About Netskope

Netskope, Inc is a cloud security company that provides technology for protecting data, users, applications and networks in modern digital environments. Its platform is designed to help organizations secure access to cloud services, web applications, private applications and other internet-connected resources while supporting distributed workforces and hybrid IT infrastructures.

The company's products include cloud access security broker (CASB) capabilities, secure web gateway services, zero trust network access, data loss prevention, cloud firewall functionality and security analytics.

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