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

Key Points

• Netskope Inc. (NASDAQ:NTSK) has received an average analyst rating of "Buy" from eleven investment analysts, reflecting strong market confidence in the stock.
• The average twelve-month price target for Netskope shares among brokers is $26.58, with individual targets ranging from $25.00 to $28.00 set by various analysts.
• Director William J.G. Griffith significantly increased his stake in Netskope by acquiring 2 million shares at $19.00 per share, totaling $38 million, indicating insider confidence in the company’s future prospects.

Netskope Inc. (NASDAQ:NTSK - Get Free Report) has been assigned an average rating of "Buy" from the eleven analysts that are presently covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $26.5833.

NTSK has been the subject of a number of recent analyst reports. Independent Research set a $27.00 price objective on shares of Netskope in a research report on Monday. Piper Sandler set a $28.00 target price on shares of Netskope and gave the company an "overweight" rating in a report on Monday. Mizuho set a $25.00 target price on shares of Netskope in a report on Monday. BTIG Research assumed coverage on shares of Netskope in a report on Monday. They issued a "buy" rating and a $27.00 target price for the company. Finally, Royal Bank Of Canada set a $26.00 price objective on shares of Netskope and gave the stock an "outperform" rating in a research note on Monday.

Netskope Stock Down 1.0%

Shares of NASDAQ:NTSK opened at $21.75 on Monday. Netskope has a 52 week low of $21.00 and a 52 week high of $27.99.

Insider Buying and Selling at Netskope

In other Netskope news, Director William J.G. Griffith acquired 2,000,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was acquired at an average cost of $19.00 per share, with a total value of $38,000,000.00. Following the purchase, the director directly owned 11,238,175 shares in the company, valued at approximately $213,525,325. This trade represents a 21.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Netskope Company Profile

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.

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