Netskope (NASDAQ:NTSK) Now Covered by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has initiated coverage on Netskope (NASDAQ:NTSK) with an "overweight" rating and a price target of $26.00, indicating a potential upside of 19.54% from the current stock price.
• Multiple analysts have set price targets for Netskope, including targets of $27.00 from UBS and $25.00 from Deutsche Bank, reflecting strong bullish sentiment with an average target price of $26.55.
• Netskope's Director, William J.G. Griffith, purchased 2 million shares at $19.00 each, increasing his ownership by 21.65% and showing strong insider confidence in the company's future.

Stock analysts at JPMorgan Chase & Co. initiated coverage on shares of Netskope (NASDAQ:NTSK - Get Free Report) in a report released on Monday,Benzinga reports. The brokerage set an "overweight" rating and a $26.00 price target on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 19.54% from the company's current price.

NTSK has been the subject of a number of other research reports. UBS Group set a $27.00 price target on Netskope in a research report on Monday. Deutsche Bank Aktiengesellschaft set a $25.00 price target on Netskope and gave the company a "buy" rating in a research report on Monday. KeyCorp set a $27.00 price target on Netskope and gave the company an "overweight" rating in a research report on Monday. Citigroup assumed coverage on Netskope in a research report on Monday. They issued an "outperform" rating for the company. Finally, BMO Capital Markets set a $26.00 price target on Netskope and gave the company an "outperform" rating in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $26.55.

Netskope Stock Down 1.0%

Shares of 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

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