Insider Buying: Netskope (NASDAQ:NTSK) Director Buys $804,455.82 in Stock

Netskope Inc. (NASDAQ:NTSK) Director William J.G. Griffith purchased 64,771 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was acquired at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the purchase, the director owned 916,690 shares in the company, valued at approximately $11,385,289.80. The trade was a 7.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, July 10th, William J.G. Griffith acquired 241,628 shares of Netskope stock. The shares were acquired at an average cost of $12.26 per share, with a total value of $2,962,359.28.
• On Wednesday, July 8th, William J.G. Griffith acquired 610,291 shares of Netskope stock. The stock was bought at an average price of $11.82 per share, for a total transaction of $7,213,639.62.

Netskope Trading Up 1.9%

NASDAQ NTSK opened at $13.50 on Friday. 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 stock has a market capitalization of $5.45 billion and a P/E ratio of -67.50. The firm’s 50-day moving average is $10.97 and its two-hundred day moving average is $11.59. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $27.99.

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

Hedge Funds Weigh In On Netskope

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Abound Wealth Management purchased a new stake in shares of Netskope during the second quarter worth $496,000. Wasatch Advisors LP purchased a new position in Netskope in the second quarter valued at $25,107,000. Camelot Technology Advisors Inc. purchased a new position in Netskope in the second quarter valued at $193,000. FNY Investment Advisers LLC grew its stake in Netskope by 88.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock worth $92,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Bangor Savings Bank purchased a new stake in Netskope during the 2nd quarter worth about $104,000.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NTSK shares. Wells Fargo & Company decreased their price target on Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. TD Cowen cut their price objective on Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. BMO Capital Markets decreased their target price on Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a report on Wednesday, July 8th. Finally, Oppenheimer dropped their target price on Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Netskope has an average rating of “Moderate Buy” and an average target price of $17.21.

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.