Netskope Inc.'s (NASDAQ:NTSK) Quiet Period Set To Expire on October 28th

Key Points

• Netskope Inc.'s quiet period will end on October 28th, allowing underwriters to begin research coverage after the IPO.
• Equity analysts have largely rated Netskope as a "Buy," with a consensus price target of $26.94.
• Director William J.G. Griffith purchased 2,000,000 shares of Netskope stock at $19.00 per share, increasing his position by over 21%.

Netskope's (NASDAQ:NTSK - Get Free Report) quiet period will expire on Tuesday, October 28th. Netskope had issued 47,800,000 shares in its initial public offering on September 18th. The total size of the offering was $908,200,000 based on an initial share price of $19.00. During Netskope's quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NTSK shares. Cowen started coverage on Netskope in a research report on Monday, October 13th. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Netskope in a research report on Monday, October 13th. They issued a "buy" rating and a $25.00 price objective on the stock. William Blair began coverage on shares of Netskope in a research note on Monday, October 13th. They issued an "outperform" rating for the company. TD Cowen started coverage on shares of Netskope in a report on Monday, October 13th. They set a "buy" rating and a $30.00 price objective for the company. Finally, Mizuho assumed coverage on shares of Netskope in a research report on Monday, October 13th. They issued an "outperform" rating and a $25.00 target price for the company. Sixteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $26.94.

Netskope Stock Performance

NASDAQ NTSK opened at $22.31 on Tuesday. Netskope has a 12-month low of $21.00 and a 12-month high of $27.99.

Insider Buying and Selling

In related news, Director William J.G. Griffith acquired 2,000,000 shares of the stock in a transaction on Friday, September 19th. The stock was purchased at an average price of $19.00 per share, for a total transaction of $38,000,000.00. Following the completion of the transaction, the director owned 11,238,175 shares of the company's stock, valued at $213,525,325. This trade represents a 21.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.

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