Netskope Inc. (NASDAQ:NTSK) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Netskope has a “Moderate Buy” consensus rating from 18 analysts, including 14 buys and one strong buy. The average 12-month price target is $18.75.
• Netskope shares opened at $22.20, up 1.8%, with a market capitalization of approximately $9.07 billion; the stock has traded between $7.66 and $24.98 over the past year.
• The company reported quarterly adjusted losses of $0.03 per share, beating estimates for a $0.26 loss, on revenue of $220.54 million, although it continues to post significant negative margins and return on equity.

Netskope Inc. (NASDAQ:NTSK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $18.75.

A number of analysts have recently issued reports on NTSK shares. Morgan Stanley raised their price target on shares of Netskope from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on shares of Netskope in a report on Monday, August 17th. KeyCorp increased their price objective 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. Mizuho set a $16.00 target price on shares of Netskope in a report on Wednesday, August 19th. Finally, Oppenheimer boosted their target price on Netskope from $16.00 to $19.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th.

Netskope Stock Up 1.8%

Shares of NASDAQ NTSK opened at $22.20 on Friday. The stock has a market cap of $9.07 billion and a PE ratio of -8.71. The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 4.45. Netskope has a 12-month low of $7.66 and a 12-month high of $24.98. The company has a 50-day moving average of $17.08 and a 200 day moving average of $13.28.

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, topping analysts' consensus estimates of ($0.26) by $0.23. The business had revenue of $220.54 million for the quarter. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. 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, sell-side analysts predict that Netskope will post -0.82 EPS for the current fiscal year.

Insider Activity at Netskope

In other 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 value of $158,252.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Netskope

Hedge funds have recently bought and sold shares of the company. Wasatch Advisors LP acquired a new position in Netskope in the 2nd quarter valued at about $25,107,000. Weiss Asset Management LP purchased a new stake in Netskope during the first quarter worth about $8,957,000. New York Life Insurance Co. acquired a new stake in shares of Netskope during the second quarter worth about $11,325,580. Principal Financial Group Inc. lifted its position in shares of Netskope by 31.4% during the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company's stock worth $21,628,000 after purchasing an additional 608,355 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in shares of Netskope by 117.5% during the first quarter. Stephens Investment Management Group LLC now owns 977,786 shares of the company's stock worth $8,301,000 after purchasing an additional 528,164 shares in the last quarter.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company's Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.

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