Netskope (NASDAQ:NTSK) Reaches New 12-Month High - Here's Why

Key Points

• Netskope shares reached a new 52-week high, trading as high as $25.00 and last changing hands near $25.20, up from a prior close of $24.28.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” from MarketBeat, although the average price target of $18.75 is below the current share price.
• Netskope exceeded quarterly EPS expectations, reporting a loss of $0.03 per share versus the expected $0.26 loss, but it continues to post significant losses, including a negative net margin of 91.84%.

Netskope Inc. (NASDAQ:NTSK - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $25.00 and last traded at $25.1960, with a volume of 779,993 shares traded. The stock had previously closed at $24.28.

Analysts Set New Price Targets

A number of research analysts recently commented on NTSK shares. Rosenblatt Securities increased their price target on Netskope from $18.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Mizuho set a $16.00 price target on Netskope in a research note on Wednesday, August 19th. Oppenheimer lifted their target price on Netskope from $16.00 to $19.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on Netskope in a report on Monday, August 17th. Finally, JPMorgan Chase & Co. upped their price target on Netskope from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Netskope has an average rating of "Moderate Buy" and a consensus price target of $18.75.

Netskope Price Performance

The company has a market capitalization of $10.38 billion and a PE ratio of -9.94. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. The stock has a 50 day moving average price of $17.25 and a two-hundred day moving average price of $13.38.

Netskope (NASDAQ:NTSK - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.23. The firm had revenue of $220.54 million for the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%. Netskope has set its FY 2027 guidance at -0.150--0.150 EPS and its Q3 2027 guidance at -0.040--0.030 EPS. Equities analysts forecast that Netskope Inc. will post -0.82 earnings per share for the current year.

Insider Activity at Netskope

In related news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the firm's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 25.52% of the company's stock.

Hedge Funds Weigh In On Netskope

Hedge funds have recently made changes to their positions in the business. Walser Wealth Management Company A Ltd Liability Co lifted its holdings in Netskope by 6.4% during the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 15,554 shares of the company's stock valued at $271,000 after purchasing an additional 939 shares during the last quarter. Triumph Capital Management grew its stake in Netskope by 2.9% during the second quarter. Triumph Capital Management now owns 70,505 shares of the company's stock worth $771,000 after buying an additional 1,977 shares during the last quarter. Assetmark Inc. grew its stake in Netskope by 57.6% during the first quarter. Assetmark Inc. now owns 9,264 shares of the company's stock worth $79,000 after buying an additional 3,385 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Netskope by 199,900.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company's stock worth $70,000 after buying an additional 3,998 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its holdings in shares of Netskope by 88.9% during the second quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company's stock worth $92,000 after buying an additional 4,000 shares in the last quarter.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company's Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.