Netskope (NASDAQ:NTSK) Now Covered by Analysts at Piper Sandler

Key Points

• Analysts at Piper Sandler have initiated coverage on Netskope (NASDAQ:NTSK), setting an "overweight" rating and a price target of $28.00, indicating a potential upside of 19.45% from its previous close.
• In recent reports, other brokerages like Morgan Stanley and Mizuho have also given Netskope "overweight" and "outperform" ratings, respectively, with price targets ranging from $25.00 to $27.00.
• Director William J.G. Griffith purchased 2 million shares at $19.00 per share, increasing his stake by 21.65% and reflecting confidence in the company’s future performance.

Research analysts at Piper Sandler started coverage on shares of Netskope (NASDAQ:NTSK - Get Free Report) in a research note issued on Monday, Marketbeat Ratings reports. The brokerage set an "overweight" rating and a $28.00 price target on the stock. Piper Sandler's price target would suggest a potential upside of 19.45% from the stock's previous close.

A number of other brokerages also recently issued reports on NTSK. Morgan Stanley initiated coverage on Netskope in a research note on Monday. They issued an "overweight" rating and a $27.00 price objective on the stock. Mizuho assumed coverage on Netskope in a research note on Monday. They issued an "outperform" rating and a $25.00 price objective on the stock. Wall Street Zen raised Netskope to a "hold" rating in a research note on Monday, September 29th. KeyCorp assumed coverage on Netskope in a research note on Monday. They set an "overweight" rating and a $27.00 price target on the stock. Finally, JMP Securities assumed coverage on Netskope in a research note on Monday. They set a "market outperform" rating and a $27.00 price target on the stock. Five research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $26.94.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $23.44 on Monday. Netskope has a 1 year low of $21.00 and a 1 year high of $27.99.

Insider Activity at Netskope

In related news, Director William J.G. Griffith acquired 2,000,000 shares of the stock in a transaction dated Friday, September 19th. The stock was purchased at an average cost of $19.00 per share, with a total value of $38,000,000.00. Following the completion of the purchase, the director directly owned 11,238,175 shares in the company, valued at $213,525,325. This trade represents a 21.65% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.