Netskope (NASDAQ:NTSK) Now Covered by Analysts at William Blair

Key Points

• Analysts at William Blair have initiated coverage of Netskope (NASDAQ:NTSK) with an "outperform" rating, reflecting positive market sentiment.
• Netskope has received multiple favorable ratings from other firms, including an "overweight" rating from KeyCorp and a "buy" rating from Cowen, contributing to a consensus rating of "Buy".
• Director William J.G. Griffith purchased 2,000,000 shares at $19.00 each, significantly increasing his stake in the company, which indicates strong confidence in Netskope's future.

Analysts at William Blair began coverage on shares of Netskope (NASDAQ:NTSK - Get Free Report) in a report released on Monday,Briefing.com Automated Import reports. The firm set an "outperform" rating on the stock.

NTSK has been the topic of several other reports. KeyCorp started coverage on shares of Netskope in a report on Monday. They issued an "overweight" rating and a $27.00 price objective on the stock. Citigroup began coverage on shares of Netskope in a research note on Monday. They set an "outperform" rating on the stock. Cowen assumed coverage on Netskope in a research report on Monday. They set a "buy" rating on the stock. Citizens Jmp assumed coverage on Netskope in a research note on Monday. They set an "outperform" rating and a $27.00 target price for the company. Finally, Wells Fargo & Company started coverage on Netskope in a research note on Monday. They issued an "overweight" rating and a $28.00 price objective for the company. Fifteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Netskope currently has a consensus rating of "Buy" and an average price target of $26.86.

Netskope Trading Down 1.0%

NASDAQ:NTSK opened at $21.75 on Monday. Netskope has a twelve month low of $21.00 and a twelve month high of $27.99.

Insider Activity

In other news, Director William J.G. Griffith purchased 2,000,000 shares of the business's stock in a transaction on Friday, September 19th. The shares were bought at an average price of $19.00 per share, with a total value of $38,000,000.00. Following the completion of the transaction, the director directly owned 11,238,175 shares in the company, valued at approximately $213,525,325. This represents a 21.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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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