Netskope (NASDAQ:NTSK) Trading 7.2% Higher on Insider Buying Activity

Netskope Inc. (NASDAQ:NTSK)’s share price shot up 7.2% during trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $13.56 and last traded at $13.7160. 1,091,393 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 4,607,002 shares. The stock had previously closed at $12.80.

Specifically, major shareholder Iconiq Strategic Partners Viii bought 64,771 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were purchased at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the acquisition, the insider owned 916,690 shares of the company’s stock, valued at approximately $11,385,289.80. This trade represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Iconiq Strategic Partners Viii bought 241,628 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average cost of $12.26 per share, for a total transaction of $2,962,359.28. Following the completion of the purchase, the insider owned 851,919 shares of the company’s stock, valued at $10,444,526.94. This trade represents a 39.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In other news, Director William J.G. Griffith purchased 64,771 shares of the company’s stock in a transaction on Monday, July 13th. The stock was acquired at an average price of $12.42 per share, with a total value of $804,455.82. Following the transaction, the director directly owned 916,690 shares of the company’s stock, valued at approximately $11,385,289.80. This represents a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. BTIG Research dropped their target price on shares of Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Robert W. Baird cut their target price on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Citizens Jmp reduced their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st. Finally, BMO Capital Markets decreased their price target on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.11.

More Netskope News

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Director and major shareholder William J.G. Griffith bought 64,771 shares on July 13 at $12.42, increasing his stake by 7.6% and reinforcing the bullish insider-buying trend. SEC filing
• Positive Sentiment: Earlier in the week, Griffith and Iconiq Strategic Partners Viii each purchased 241,628 shares at $12.26, a much larger buy that lifted ownership by 39.6% and suggested strong confidence from insiders. SEC filing
• Positive Sentiment: Options activity also turned more bullish, with call volume running about 83% above normal, which can indicate traders are positioning for upside.
• Neutral Sentiment: Broker coverage remains favorable overall, with Netskope carrying a “Moderate Buy” consensus, though several firms have trimmed their price targets recently. Article
• Neutral Sentiment: Recent commentary mostly repeats the same insider-buying disclosures, so it is adding attention more than new fundamental information.

Netskope Stock Performance

The business has a 50-day moving average of $10.93 and a 200 day moving average of $11.62. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The company has a market cap of $5.35 billion and a PE ratio of -66.25.

Netskope (NASDAQ:NTSK) last issued its quarterly 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 business’s revenue was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Equities research analysts anticipate that Netskope Inc. will post -0.88 EPS for the current fiscal year.

Institutional Trading of Netskope

Several institutional investors and hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new stake in Netskope during the third quarter valued at about $3,928,000. Swedbank AB purchased a new stake in Netskope in the 4th quarter worth $1,801,000. OFI Invest Asset Management bought a new position in shares of Netskope during the 4th quarter valued at about $15,889,000. Hudson Bay Capital Management LP bought a new position in shares of Netskope during the 3rd quarter valued at about $5,891,000. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Netskope by 11.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock valued at $62,469,000 after purchasing an additional 373,529 shares in the last quarter.

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.