Netskope (NASDAQ:NTSK) Director William J.G. Griffith Purchases 610,291 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) Director William J.G. Griffith bought 610,291 shares of the stock in a transaction on Wednesday, July 8th. The stock was purchased at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the acquisition, the director owned 610,291 shares in the company, valued at approximately $7,213,639.62. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Netskope Trading Down 0.8%

Shares of NTSK stock traded down $0.10 during mid-day trading on Friday, reaching $12.32. 3,986,452 shares of the stock traded hands, compared to its average volume of 6,431,445. The company has a market cap of $4.98 billion and a price-to-earnings ratio of -61.60. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06. The stock’s fifty day simple moving average is $10.75 and its two-hundred day simple moving average is $11.78. Netskope Inc. has a 1-year low of $7.66 and a 1-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 (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. Netskope’s quarterly revenue 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. On average, research analysts anticipate that Netskope Inc. will post -0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Netskope

Several large investors have recently modified their holdings of NTSK. ICONIQ Capital LLC acquired a new stake in shares of Netskope during the third quarter worth $1,506,261,000. Scge Management L.P. bought a new stake in Netskope during the third quarter valued at $312,104,000. Public Sector Pension Investment Board bought a new stake in Netskope during the fourth quarter valued at $60,882,000. Bamco Inc. NY acquired a new stake in Netskope during the 3rd quarter worth about $52,888,000. Finally, Wasatch Advisors LP acquired a new stake in Netskope during the 2nd quarter worth about $25,107,000.

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

Analyst Upgrades and Downgrades

NTSK has been the topic of a number of recent research reports. Mizuho cut their price target on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Morgan Stanley decreased their price objective on Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, June 4th. Wells Fargo & Company lowered their target price on Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Piper Sandler reduced their price target on Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada set a $18.00 price target on Netskope in a research note on Thursday, June 4th. One research 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 given a Sell rating to the stock. Based on data from MarketBeat, Netskope currently has a consensus rating of “Moderate Buy” and an average 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.