Insider Buying: Netskope (NASDAQ:NTSK) Major Shareholder Acquires $7,213,639.62 in Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Iconiq Strategic Partners Viii acquired 610,291 shares of the stock in a transaction dated 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 transaction, the insider directly owned 610,291 shares of the company’s stock, valued at $7,213,639.62. The trade was a ∞ 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. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Netskope Stock Performance

Shares of NTSK stock opened at $12.32 on Monday. The stock has a market capitalization of $4.98 billion and a PE ratio of -61.60. The business’s 50 day simple moving average is $10.75 and its 200 day simple moving average is $11.73. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. Netskope Inc. has a one year low of $7.66 and a one year high of $27.99.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The firm’s 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. As a group, research analysts forecast that Netskope Inc. will post -0.88 earnings per share for the current year.

Key Netskope News

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

Hedge Funds Weigh In On Netskope

Several institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its position in shares of Netskope by 32.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock worth $91,000 after purchasing an additional 1,270 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in Netskope in the 4th quarter valued at about $25,000. Quarry LP acquired a new position in Netskope during the 3rd quarter worth approximately $41,000. Triumph Capital Management raised its stake in Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares during the period. Finally, Assetmark Inc. boosted its holdings in Netskope by 60.5% in the fourth quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock worth $103,000 after acquiring an additional 2,216 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. KeyCorp cut their target price on Netskope from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, June 25th. Mizuho decreased their target price on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Robert W. Baird lowered their target price on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Finally, TD Cowen dropped their price target on Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.11.

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.