Netskope (NASDAQ:NTSK) Major Shareholder Acquires $804,455.82 in Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Iconiq Strategic Partners Viii acquired 64,771 shares of the business’s stock in a transaction on Monday, July 13th. The stock was purchased at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the acquisition, the insider directly owned 916,690 shares in the company, valued at $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Iconiq Strategic Partners Viii also recently made the following trade(s):

• On Friday, July 10th, Iconiq Strategic Partners Viii bought 241,628 shares of Netskope stock. The shares were acquired at an average cost of $12.26 per share, for a total transaction of $2,962,359.28.
• On Wednesday, July 8th, Iconiq Strategic Partners Viii purchased 610,291 shares of Netskope stock. The stock was acquired at an average price of $11.82 per share, for a total transaction of $7,213,639.62.

Netskope Trading Up 1.9%

Shares of NTSK opened at $13.50 on Friday. The company has a market capitalization of $5.45 billion and a P/E ratio of -67.50. Netskope Inc. has a one year low of $7.66 and a one 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. The stock has a 50-day moving average price of $10.97 and a 200 day moving average price of $11.59.

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

Institutional Investors Weigh In On Netskope

A number of institutional investors have recently made changes to their positions in the company. Abound Wealth Management acquired a new stake in shares of Netskope during the 2nd quarter valued at approximately $496,000. Wasatch Advisors LP acquired a new position in Netskope in the second quarter worth $25,107,000. Camelot Technology Advisors Inc. bought a new stake in Netskope during the second quarter valued at $193,000. FNY Investment Advisers LLC increased its stake in Netskope by 88.9% during the second quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock valued at $92,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Bangor Savings Bank acquired a new stake in shares of Netskope during the second quarter worth $104,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on NTSK. BMO Capital Markets dropped 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. Royal Bank Of Canada set a $18.00 price objective on shares of Netskope in a report on Thursday, June 4th. Piper Sandler dropped their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. Finally, Citizens Jmp cut their target price on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Netskope presently 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.