Netskope (NASDAQ:NTSK) Earns Mkt Outperform Rating from Analysts at Citizens Jmp

Key Points

• Citizens Jmp initiated coverage on Netskope (NASDAQ:NTSK) with an "outperform" rating and a price target of $27.00, suggesting a potential upside of 24.14% from current levels.
• Several other analysts have also begun coverage, with target prices ranging from $25.00 to $30.00, leading to a consensus "Buy" rating with an average target price of $26.86.
• Director William J.G. Griffith purchased 2 million shares at $19.00 each, increasing his stake in the company by 21.65% to a total value of over $213 million.

Equities researchers at Citizens Jmp initiated coverage on shares of Netskope (NASDAQ:NTSK - Get Free Report) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm set a "mkt outperform" rating and a $27.00 price target on the stock. Citizens Jmp's price objective suggests a potential upside of 16.43% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. Independent Research set a $27.00 price objective on Netskope in a report on Monday. TD Cowen assumed coverage on Netskope in a research report on Monday. They set a "buy" rating and a $30.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Netskope in a research report on Monday. They set a "buy" rating and a $25.00 price target on the stock. Citigroup began coverage on Netskope in a research report on Monday. They set an "outperform" rating on the stock. Finally, Cowen began coverage on Netskope in a research report on Monday. They issued a "buy" rating on the stock. Sixteen analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $26.93.

Netskope Price Performance

Shares of NASDAQ NTSK traded up $1.44 during trading hours on Monday, reaching $23.19. 408,110 shares of the stock traded hands, compared to its average volume of 3,724,624. Netskope has a 52-week low of $21.00 and a 52-week high of $27.99.

Insider Activity at Netskope

In other news, Director William J.G. Griffith bought 2,000,000 shares of the stock in a transaction dated Friday, September 19th. The stock was bought at an average price of $19.00 per share, for a total transaction of $38,000,000.00. Following the purchase, the director directly owned 11,238,175 shares in the company, valued at $213,525,325. This trade represents a 21.65% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.