Netskope (NASDAQ:NTSK) Coverage Initiated by Analysts at Mizuho

Key Points

• Analysts at Mizuho initiated coverage on Netskope (NASDAQ:NTSK) with an "outperform" rating and a price target of $25.00, suggesting a potential upside of 6.66% from its current price.
• Multiple firms including Morgan Stanley and BMO Capital Markets also started coverage, with target prices ranging from $26.00 to $28.00, reflecting strong investor interest and confidence in the stock.
• Director William J.G. Griffith significantly increased his stake by acquiring 2 million shares at $19.00 each, demonstrating insider confidence in the company's future performance.

Investment analysts at Mizuho began coverage on shares of Netskope (NASDAQ:NTSK - Get Free Report) in a research note issued to investors on Monday, MarketBeat reports. The firm set an "outperform" rating and a $25.00 price target on the stock. Mizuho's price objective suggests a potential upside of 6.66% from the company's current price.

Other research analysts also recently issued research reports about the company. Morgan Stanley assumed coverage on Netskope in a report on Monday. They issued an "overweight" rating and a $27.00 price objective on the stock. BMO Capital Markets began coverage on Netskope in a research note on Monday. They issued an "outperform" rating and a $26.00 target price on the stock. Oppenheimer set a $28.00 target price on Netskope and gave the stock an "outperform" rating in a research note on Monday. William Blair began coverage on Netskope in a research note on Monday. They issued an "outperform" rating on the stock. Finally, UBS Group set a $27.00 target price on Netskope in a research note on Monday. Five research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $26.94.

Netskope Trading Up 7.8%

NTSK opened at $23.44 on Monday. Netskope has a 12 month low of $21.00 and a 12 month high of $27.99.

Insiders Place Their Bets

In other news, Director William J.G. Griffith acquired 2,000,000 shares of the business's stock in a transaction on Friday, September 19th. The shares were acquired at an average cost of $19.00 per share, with a total value of $38,000,000.00. Following the transaction, the director owned 11,238,175 shares in the company, valued at $213,525,325. The trade was a 21.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed 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.