Iconiq Strategic Partners Viii Buys 241,628 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Iconiq Strategic Partners Viii purchased 241,628 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were purchased at an average cost of $12.26 per share, with a total value of $2,962,359.28. Following the completion of the transaction, the insider owned 851,919 shares of the company’s stock, valued at approximately $10,444,526.94. The trade was a 39.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

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

Netskope Price Performance

NASDAQ NTSK opened at $13.25 on Thursday. The firm’s fifty day simple moving average is $10.93 and its two-hundred day simple moving average is $11.62. The firm has a market capitalization of $5.35 billion and a P/E ratio of -66.25. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. Netskope Inc. has a 12-month low of $7.66 and a 12-month high of $27.99.

Netskope (NASDAQ:NTSK) last announced its earnings results 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 business had revenue of $201.59 million for 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. Analysts forecast that Netskope Inc. will post -0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Netskope

Institutional investors and hedge funds have recently modified their holdings of the stock. ICONIQ Capital LLC acquired a new position in shares of Netskope in the 3rd quarter valued at $1,506,261,000. Scge Management L.P. purchased a new position in shares of Netskope during the 3rd quarter valued at approximately $312,104,000. Public Sector Pension Investment Board acquired a new stake in Netskope in the 4th quarter valued at $60,882,000. Bamco Inc. NY purchased a new stake in Netskope in the 3rd quarter worth $52,888,000. Finally, Wasatch Advisors LP purchased a new stake in Netskope during the 2nd quarter worth approximately $25,107,000.

Netskope News Roundup

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.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Piper Sandler lowered their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, June 4th. Royal Bank Of Canada set a $18.00 price objective on shares of Netskope in a research note on Thursday, June 4th. Morgan Stanley dropped their price objective on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, June 4th. TD Cowen cut their target price on Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Finally, BTIG Research lowered their price target on Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. One equities 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 given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.