Netskope (NASDAQ:NTSK) Upgraded by Zacks Research to Hold Rating

Key Points

• Netskope received a "hold" rating from Zacks Research, reflecting a cautious outlook amid several other analysts rating it as a "buy" or "overweight."
• Director William J.G. Griffith significantly increased his stake by purchasing 2 million shares at an average cost of $19.00, underscoring confidence in the company's potential.
• Netskope's stock has shown minor movement, opening at $22.50 and fluctuating between a twelve-month low of $21.00 and a high of $27.99.

Netskope (NASDAQ:NTSK - Get Free Report) was upgraded by Zacks Research to a "hold" rating in a report released on Monday,Zacks.com reports.

NTSK has been the subject of several other research reports. BTIG Research began coverage on shares of Netskope in a research report on Monday, October 13th. They issued a "buy" rating and a $27.00 price target for the company. Wells Fargo & Company began coverage on Netskope in a research note on Monday, October 13th. They issued an "overweight" rating and a $28.00 price objective on the stock. Oppenheimer set a $28.00 target price on Netskope and gave the stock an "outperform" rating in a research report on Monday, October 13th. Piper Sandler started coverage on Netskope in a report on Monday, October 13th. They set an "overweight" rating and a $28.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Netskope in a report on Monday, October 13th. They issued a "buy" rating and a $25.00 target price on the stock. Sixteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $26.94.

Netskope Stock Down 0.2%

Shares of NTSK stock opened at $22.50 on Monday. Netskope has a twelve month low of $21.00 and a twelve month high of $27.99.

Insider Buying and Selling at Netskope

In other Netskope news, Director William J.G. Griffith acquired 2,000,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average cost of $19.00 per share, for a total transaction of $38,000,000.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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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