Netskope Inc. (NASDAQ:NTSK) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus: Seventeen of 20 analysts rate Netskope a buy, with an average 12-month price target of $17.21. Recent target cuts include Piper Sandler to $18, TD Cowen to $19 and BMO Capital Markets to $13.
• Netskope shares rose 10.3% to $14.87, while the company reported quarterly revenue of $201.59 million, up 27.8% year over year, and an adjusted loss of $0.06 per share—slightly better than expectations.
• Insider activity was mixed: insiders bought approximately $22.0 million of stock over the past 90 days but sold about $33.0 million, including a major shareholder’s $12.1 million disposal. Several institutional investors also initiated or expanded positions during the second quarter.

Shares of Netskope Inc. (NASDAQ:NTSK - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.2105.

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada set a $18.00 target price on Netskope in a research note on Thursday, June 4th. Piper Sandler decreased their price target on Netskope from $21.00 to $18.00 and set an "overweight" rating for the company in a report on Thursday, June 4th. TD Cowen lowered their price objective on shares of Netskope from $25.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, June 4th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Netskope in a research note on Wednesday, July 8th. Finally, BMO Capital Markets reduced their target price on shares of Netskope from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Thursday, June 4th.

Netskope Stock Up 10.3%

Shares of Netskope stock opened at $14.87 on Friday. The company has a fifty day moving average price of $11.42 and a 200 day moving average price of $11.18. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. Netskope has a twelve month low of $7.66 and a twelve month high of $27.99. The stock has a market cap of $6.01 billion and a price-to-earnings ratio of -74.35.

Netskope (NASDAQ:NTSK - Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. The business's revenue for the quarter was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070--0.060 EPS and its FY 2027 guidance at -0.180--0.180 EPS. Equities research analysts forecast that Netskope will post -0.88 earnings per share for the current fiscal year.

Insider Activity

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the business'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 transaction, the insider owned 336,173 shares in the company, valued at $3,089,429.87. The trade was a 79.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Iconiq Strategic Partners Viii acquired 610,291 shares of the firm's stock in a transaction on Wednesday, July 8th. The stock was purchased at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the transaction, the insider owned 610,291 shares in the company, valued at $7,213,639.62. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 1,833,380 shares of company stock worth $21,960,909 and have sold 3,529,696 shares worth $33,002,807. 25.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netskope

Hedge funds have recently bought and sold shares of the business. Abound Wealth Management purchased a new stake in Netskope during the 2nd quarter worth approximately $496,000. Wasatch Advisors LP purchased a new position in shares of Netskope during the 2nd quarter valued at approximately $25,107,000. Camelot Technology Advisors Inc. acquired a new stake in shares of Netskope during the second quarter worth approximately $193,000. FNY Investment Advisers LLC grew its position in shares of 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 buying an additional 4,000 shares in the last quarter. Finally, Bangor Savings Bank bought a new stake in shares of Netskope in the second quarter worth $104,000.

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. 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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