William J.G. Griffith Buys 241,628 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) Director William J.G. Griffith purchased 241,628 shares of Netskope stock in a transaction that occurred on Friday, July 10th. The shares were bought at an average price of $12.26 per share, for a total transaction of $2,962,359.28. Following the completion of the transaction, the director owned 851,919 shares in the company, valued at $10,444,526.94. The trade was a 39.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

William J.G. Griffith also recently made the following trade(s):

• On Monday, July 13th, William J.G. Griffith acquired 64,771 shares of Netskope stock. The shares were bought at an average cost of $12.42 per share, with a total value of $804,455.82.
• On Wednesday, July 8th, William J.G. Griffith bought 610,291 shares of Netskope stock. The stock was purchased at an average price of $11.82 per share, for a total transaction of $7,213,639.62.

Netskope Stock Down 7.1%

Shares of Netskope stock opened at $13.25 on Thursday. 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 Inc. has a 52-week low of $7.66 and a 52-week high of $27.99. The company’s 50 day moving average price is $10.93 and its 200-day moving average price is $11.62. The stock has a market capitalization of $5.35 billion and a price-to-earnings ratio of -66.25.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. Netskope’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 forecast that Netskope Inc. will post -0.88 EPS for the current year.

Key Headlines Impacting Netskope

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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NTSK shares. BTIG Research reduced their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Citizens Jmp lowered their price objective on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Friday, May 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. Oppenheimer reduced their target price on Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Finally, BMO Capital Markets lowered their price target on Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.11.

Institutional Investors Weigh In On Netskope

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Insight Holdings Group LLC bought a new stake in shares of Netskope during the 3rd quarter valued at $3,978,000. Tudor Investment Corp ET AL bought a new position in Netskope in the 3rd quarter worth $3,928,000. Swedbank AB bought a new position in Netskope in the 4th quarter worth $1,801,000. OFI Invest Asset Management purchased a new stake in Netskope in the 4th quarter worth $15,889,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Netskope in the 3rd quarter worth $5,891,000.

About Netskope

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.