Netskope (NASDAQ:NTSK) Coverage Initiated at Royal Bank Of Canada

Key Points

• Analysts at Royal Bank of Canada initiated coverage on Netskope (NASDAQ:NTSK) with a "moderate buy" rating and a price target of $26.00, indicating a potential upside of 10.92%.
• Multiple analysts issued positive ratings for Netskope, with a consensus rating of “Buy” and an average price target of $26.94, reflecting strong investor interest.
• Netskope's Director, William J.G. Griffith, significantly increased his stake by purchasing 2,000,000 shares at $19.00 each, totaling $38 million, which represents a 21.65% increase in his holdings.

Equities researchers at Royal Bank Of Canada began coverage on shares of Netskope (NASDAQ:NTSK - Get Free Report) in a research note issued on Monday, Marketbeat reports. The firm set an "outperform" rating and a $26.00 price target on the stock. Royal Bank Of Canada's price target would indicate a potential upside of 10.92% from the company's previous close.

A number of other analysts also recently weighed in on the company. Piper Sandler started coverage on Netskope in a report on Monday. They issued an "overweight" rating and a $28.00 price objective for the company. KeyCorp started coverage on Netskope in a research note on Monday. They issued an "overweight" rating and a $27.00 target price for the company. TD Cowen assumed coverage on Netskope in a research note on Monday. They set a "buy" rating and a $30.00 price target for the company. William Blair assumed coverage on shares of Netskope in a research report on Monday. They set an "outperform" rating on the stock. Finally, UBS Group set a $27.00 target price on shares of Netskope in a research report on Monday. Sixteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $26.94.

Netskope Stock Up 7.8%

Shares of NTSK opened at $23.44 on Monday. Netskope has a 52 week low of $21.00 and a 52 week high of $27.99.

Insider Transactions at Netskope

In related news, Director William J.G. Griffith bought 2,000,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average cost of $19.00 per share, for a total transaction of $38,000,000.00. Following the completion of the transaction, the director owned 11,238,175 shares of the company's stock, valued at approximately $213,525,325. The trade was a 21.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.