Traders Purchase High Volume of Netskope Call Options (NASDAQ:NTSK)

Netskope Inc. (NASDAQ:NTSK) was the target of some unusual options trading activity on Tuesday. Investors acquired 6,819 call options on the stock. This represents an increase of 53% compared to the average volume of 4,448 call options.

Insiders Place Their Bets

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were 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 SEC, which can be accessed through this hyperlink. 25.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Operose Advisors LLC bought a new stake in shares of Netskope during the second quarter worth $56,000. Rockefeller Capital Management L.P. lifted its position in Netskope by 199,900.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock valued at $70,000 after acquiring an additional 3,998 shares in the last quarter. Assetmark Inc. increased its holdings in Netskope by 57.6% during the 1st quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock worth $79,000 after purchasing an additional 3,385 shares in the last quarter. Gryphon Financial Partners LLC acquired a new stake in shares of Netskope in the 1st quarter valued at about $88,000. Finally, SummitTX Capital L.P. acquired a new stake in Netskope in the 1st quarter valued at approximately $88,000.

Netskope Trading Up 4.6%

Shares of NASDAQ NTSK traded up $1.16 during midday trading on Tuesday, reaching $26.36. 5,166,306 shares of the stock were exchanged, compared to its average volume of 5,138,136. Netskope has a 12 month low of $7.66 and a 12 month high of $26.29. The company has a market capitalization of $10.77 billion and a price-to-earnings ratio of -10.31. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00. The business has a 50-day simple moving average of $17.29 and a two-hundred day simple moving average of $13.02.

Netskope (NASDAQ:NTSK) last released its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. The business had revenue of $220.54 million during the quarter. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. As a group, equities research analysts expect that Netskope will post -0.82 EPS for the current year.

Analysts Set New Price Targets

NTSK has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $17.00 price target on Netskope in a research note on Monday, August 17th. Rosenblatt Securities upped their price objective on Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. BTIG Research increased their target price on Netskope from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. KeyCorp raised their target price on Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a report on Friday, August 21st. Finally, BMO Capital Markets boosted their target price on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.75.

About Netskope

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.