Netskope (NASDAQ:NTSK) Director Purchases $7,213,639.62 in Stock

Netskope Inc. (NASDAQ:NTSK) Director William J.G. Griffith acquired 610,291 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were acquired at an average price of $11.82 per share, for a total transaction of $7,213,639.62. Following the acquisition, the director directly owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Netskope Stock Performance

Netskope stock traded down $0.10 during trading on Friday, hitting $12.32. The company’s stock had a trading volume of 3,986,452 shares, compared to its average volume of 6,431,445. The stock’s fifty day moving average is $10.75 and its 200 day moving average is $11.78. Netskope Inc. has a 1-year low of $7.66 and a 1-year high of $27.99. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million for the quarter. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, equities analysts forecast that Netskope Inc. will post -0.88 earnings per share for the current year.

Institutional Trading of Netskope

A number of institutional investors have recently modified their holdings of NTSK. Wasatch Advisors LP acquired a new position in shares of Netskope during the second quarter worth about $25,107,000. Camelot Technology Advisors Inc. acquired a new stake in shares of Netskope in the second quarter valued at about $193,000. FNY Investment Advisers LLC raised its holdings in shares of Netskope by 88.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock valued at $92,000 after buying an additional 4,000 shares during the period. Bangor Savings Bank acquired a new position in Netskope during the 2nd quarter worth approximately $104,000. Finally, Bank of America Corp DE lifted its position in Netskope by 36.7% during the 1st quarter. Bank of America Corp DE now owns 139,103 shares of the company’s stock worth $1,181,000 after acquiring an additional 37,375 shares in the last quarter.

Key Netskope News

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Director William J.G. Griffith bought 610,291 shares at $11.82 each, a sizable insider purchase that can signal confidence in Netskope’s outlook. SEC filing
• Positive Sentiment: Major shareholder Iconiq Strategic Partners VIII also bought 610,291 shares at the same price, reinforcing the view that key insiders see value around current levels. SEC filing
• Neutral Sentiment: The company recently reported June short interest at 26.9 million shares, up 76.4% from mid-June and equal to 8.9% of shares sold short, which suggests a meaningful bearish bet but not necessarily an immediate catalyst.
• Negative Sentiment: Lightspeed Venture Partners sold shares on multiple recent dates, including 219,075 shares at $12.23 and smaller sales at $11.70, which can be viewed as insider profit-taking. SEC filing

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citizens Jmp lowered their target price on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. JPMorgan Chase & Co. cut their price target on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netskope in a report on Wednesday. Oppenheimer lowered their price objective on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Finally, BMO Capital Markets dropped their price objective on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Netskope presently has a consensus rating of “Moderate Buy” and an average price target of $17.11.

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. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.