Netskope (NASDAQ:NTSK) Coverage Initiated at KeyCorp

Key Points

• KeyCorp has initiated coverage on Netskope (NASDAQ:NTSK) with an "overweight" rating and a price target of $27.00, suggesting a potential upside of 15.19% from its current price.
• Director William J.G. Griffith purchased 2,000,000 shares of Netskope stock for an average price of $19.00 per share, increasing his ownership by 21.65%.
• Netskope has received favorable ratings from multiple firms, with an average rating of "Buy" and a consensus price target of $26.94 across several analysts.

Equities researchers at KeyCorp started coverage on shares of Netskope (NASDAQ:NTSK - Get Free Report) in a note issued to investors on Monday, MarketBeat.com reports. The firm set an "overweight" rating and a $27.00 price target on the stock. KeyCorp's target price indicates a potential upside of 15.19% from the company's current price.

Several other research firms have also commented on NTSK. 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 for the company. BMO Capital Markets initiated coverage on Netskope in a research report on Monday. They set an "outperform" rating and a $26.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Netskope in a research report on Monday. They set a "buy" rating and a $25.00 target price for the company. Piper Sandler initiated coverage on Netskope in a research report on Monday. They set an "overweight" rating and a $28.00 target price for the company. Finally, William Blair initiated coverage on Netskope in a research report on Monday. They set an "outperform" rating for the company. Five 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, Netskope has an average rating of "Buy" and a consensus price target of $26.94.

Netskope Trading Up 7.8%

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

Insider Buying and Selling

In other Netskope news, Director William J.G. Griffith acquired 2,000,000 shares of Netskope stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average price 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 of the company's stock, valued at approximately $213,525,325. This represents a 21.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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.