Insider Buying: Netskope (NASDAQ:NTSK) Director Buys $7,213,639.62 in Stock

Netskope Inc. (NASDAQ:NTSK) Director William J.G. Griffith bought 610,291 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were bought at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the acquisition, the director directly owned 610,291 shares in the company, valued at $7,213,639.62. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Netskope Price Performance

Shares of Netskope stock opened at $12.32 on Monday. 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 business’s 50 day simple moving average is $10.75 and its two-hundred day simple moving average is $11.73. The stock has a market capitalization of $4.98 billion and a P/E ratio of -61.60. Netskope Inc. has a one year low of $7.66 and a one year high of $27.99.

Netskope (NASDAQ:NTSK) last released 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 company 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. Analysts forecast that Netskope Inc. will post -0.88 EPS for the current year.

Trending Headlines about Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Director William J.G. Griffith bought 610,291 shares at $11.82 each, a sizable insider purchase that can signal confidence in Netskope’s outlook. SEC filing
• Positive Sentiment: Major shareholder Iconiq Strategic Partners VIII also bought 610,291 shares at the same price, reinforcing the view that key insiders see value around current levels. SEC filing
• Neutral Sentiment: The company recently reported June short interest at 26.9 million shares, up 76.4% from mid-June and equal to 8.9% of shares sold short, which suggests a meaningful bearish bet but not necessarily an immediate catalyst.
• Negative Sentiment: Lightspeed Venture Partners sold shares on multiple recent dates, including 219,075 shares at $12.23 and smaller sales at $11.70, which can be viewed as insider profit-taking. SEC filing

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new stake in shares of Netskope in the 4th quarter worth about $25,000. Quarry LP purchased a new position in shares of Netskope during the third quarter valued at about $41,000. Triumph Capital Management raised its stake in Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares in the last quarter. Wells Fargo & Company MN raised its stake in Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after buying an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Netskope in the fourth quarter worth about $64,000.

Analyst Ratings Changes

A number of brokerages have issued reports on NTSK. BTIG Research cut their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netskope in a research note on Wednesday. Rosenblatt Securities assumed coverage on Netskope in a research note on Tuesday, April 14th. They issued a “buy” rating and a $15.00 target price on the stock. Wells Fargo & Company reduced their price target on Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Finally, KeyCorp lowered their price target on Netskope from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Netskope currently has an average rating of “Moderate Buy” and a consensus price target of $17.11.

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.