Netskope Inc. (NASDAQ:NTSK) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Netskope has a consensus “Moderate Buy” rating from 21 analysts, including 16 buys and one strong buy. The average 12-month price target is $19.12, above the reported share price of $17.67.
• The company beat quarterly earnings expectations, reporting an adjusted loss of $0.03 per share versus the $0.26 loss analysts expected, on revenue of $220.54 million. Netskope nevertheless remains unprofitable, with a negative net margin of 91.84%.
• Insider activity was net positive over the past three months, with insiders purchasing 1.83 million shares worth roughly $22.0 million and selling 240,317 shares. Insiders own 25.52% of the company.

Shares of Netskope Inc. (NASDAQ:NTSK - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-one ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $19.12.

NTSK has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of Netskope from $13.00 to $17.00 and gave the company an "overweight" rating in a report on Monday, August 17th. BTIG Research increased their price objective on shares of Netskope from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Oppenheimer lifted their price objective on shares of Netskope from $16.00 to $19.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. Mizuho set a $16.00 target price on shares of Netskope in a research note on Wednesday, August 19th. Finally, KeyCorp upped their target price on shares of Netskope from $16.00 to $17.50 and gave the stock an "overweight" rating in a research report on Friday, August 21st.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $17.67 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 4.45. The firm has a 50-day simple moving average of $14.76 and a 200 day simple moving average of $11.92. Netskope has a fifty-two week low of $7.66 and a fifty-two week high of $24.98. The company has a market cap of $7.22 billion and a PE ratio of -6.93.

Netskope (NASDAQ:NTSK - Get Free Report) last posted its earnings results 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 return on equity of 83.84% and a negative net margin of 91.84%.The company 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 EPS for the current year.

Insider Activity at Netskope

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock in a transaction on Friday, September 11th. The stock was sold at an average price of $14.90, for a total transaction of $158,252.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Iconiq Strategic Partners Viii purchased 64,771 shares of Netskope stock in a transaction on Monday, July 13th. The shares were acquired at an average price of $12.42 per share, with a total value of $804,455.82. Following the transaction, the insider directly owned 916,690 shares in the company, valued at $11,385,289.80. This trade represents a 7.60% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 1,833,380 shares of company stock worth $21,960,909 and have sold 240,317 shares worth $2,961,806. 25.52% of the stock is owned by insiders.

Institutional Trading of Netskope

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Operose Advisors LLC acquired a new position in shares of Netskope during the second quarter valued at approximately $56,000. Rockefeller Capital Management L.P. lifted its position in Netskope by 199,900.0% in 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 during the period. Assetmark Inc. boosted its stake in Netskope by 57.6% during the 1st quarter. Assetmark Inc. now owns 9,264 shares of the company's stock valued at $79,000 after purchasing an additional 3,385 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Netskope during the 4th quarter valued at $87,000. Finally, Gryphon Financial Partners LLC acquired a new position in shares of Netskope during the 1st quarter valued at $88,000.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides a cloud-native platform designed to help organizations secure data, users, devices, applications and networks. Its offerings address security needs arising from cloud computing, remote work and the use of software-as-a-service applications.

The company's platform includes security service edge (SSE) and secure access service edge (SASE) capabilities, such as cloud access security broker (CASB) services, secure web gateways, zero-trust network access, data loss prevention, cloud firewall functionality and security analytics.

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