Netskope (NASDAQ:NTSK) Now Covered by TD Cowen

Key Points

• TD Cowen has initiated coverage on Netskope (NASDAQ:NTSK) with a "buy" rating and a price target of $30.00, indicating a potential upside of 37.93% from its previous close.
• In addition, multiple analysts including Wells Fargo and Deutsche Bank have also given positive ratings, contributing to an overall consensus price target of $26.86.
• Notably, Director William J.G. Griffith purchased 2 million shares at an average price of $19.00, increasing his stake in the company significantly.

Equities research analysts at TD Cowen began coverage on shares of Netskope (NASDAQ:NTSK - Get Free Report) in a report issued on Monday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $30.00 price target on the stock. TD Cowen's price objective points to a potential upside of 37.93% from the company's previous close.

Several other research analysts have also recently issued reports on the stock. Cowen started coverage on shares of Netskope in a report on Monday. They issued a "buy" rating for the company. Wells Fargo & Company started coverage on shares of Netskope in a research report on Monday. They issued an "overweight" rating and a $28.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Netskope in a research note on Monday. They set a "buy" rating and a $25.00 target price for the company. Wall Street Zen raised Netskope to a "hold" rating in a report on Monday, September 29th. Finally, BTIG Research started coverage on shares of Netskope in a research report on Monday. They set a "buy" rating and a $27.00 target price on the stock. Fifteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $26.86.

Netskope Trading Down 1.0%

Shares of NASDAQ NTSK opened at $21.75 on Monday. Netskope has a 1-year low of $21.00 and a 1-year high of $27.99.

Insiders Place Their Bets

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

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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