Netskope (NASDAQ:NTSK) Major Shareholder Iconiq Strategic Partners Viii Purchases 610,291 Shares

Netskope Inc. (NASDAQ:NTSK) major shareholder Iconiq Strategic Partners Viii bought 610,291 shares of Netskope stock in a transaction dated Wednesday, July 8th. The shares were purchased at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the transaction, the insider owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Netskope Stock Down 0.8%

NTSK traded down $0.10 during trading hours on Friday, reaching $12.32. 3,986,452 shares of the stock traded hands, compared to its average volume of 6,431,445. Netskope Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $27.99. The company has a market cap of $4.98 billion and a price-to-earnings ratio of -61.60. 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 firm’s fifty day simple moving average is $10.75 and its two-hundred day simple moving average is $11.78.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NTSK. Mizuho reduced their price target on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netskope in a research report on Wednesday. KeyCorp reduced their target price on Netskope from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, June 25th. Citizens Jmp decreased their price target on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. Finally, BTIG Research dropped their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating for the company 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Institutional Investors Weigh In On Netskope

Institutional investors and hedge funds have recently bought and sold shares of the business. Insight Holdings Group LLC bought a new stake in shares of Netskope in the 3rd quarter worth approximately $3,978,000. Tudor Investment Corp ET AL bought a new position in Netskope during the 3rd quarter worth $3,928,000. Swedbank AB acquired a new stake in Netskope in the fourth quarter worth $1,801,000. OFI Invest Asset Management acquired a new stake in Netskope in the fourth quarter worth $15,889,000. Finally, Hudson Bay Capital Management LP bought a new stake in Netskope in the third quarter valued at $5,891,000.

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.