Netskope (NASDAQ:NTSK) Now Covered by Analysts at BMO Capital Markets

Key Points

• BMO Capital Markets has initiated coverage on Netskope (NASDAQ:NTSK) with an "outperform" rating and a price target of $26.00, indicating a potential upside of 10.92% from its previous close.
• Other firms, including Royal Bank Of Canada, BTIG Research, and Wells Fargo, have also begun coverage, issuing price targets ranging from $25.00 to $28.00, with a consensus average price target of $26.94.
• Insider activity shows that Director William J.G. Griffith purchased 2 million shares at $19.00 each, increasing his stake in Netskope by 21.65% and demonstrating confidence in the company's future performance.

Research analysts at BMO Capital Markets 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 "outperform" rating and a $26.00 price target on the stock. BMO Capital Markets' price target would suggest a potential upside of 10.92% from the stock's previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada began coverage on Netskope in a research report on Monday. They issued an "outperform" rating and a $26.00 price target on the stock. BTIG Research initiated coverage on Netskope in a research report on Monday. They issued a "buy" rating and a $27.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Netskope in a research note on Monday. They issued a "buy" rating and a $25.00 price objective on the stock. Mizuho initiated coverage on Netskope in a research note on Monday. They issued an "outperform" rating and a $25.00 price objective on the stock. Finally, Wells Fargo & Company initiated coverage on Netskope in a research note on Monday. They issued an "overweight" rating and a $28.00 price objective on the stock. Five equities research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $26.94.

Netskope Price Performance

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