Netskope (NASDAQ:NTSK) Major Shareholder Purchases $7,213,639.62 in Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was purchased at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the purchase, the insider directly owned 610,291 shares in the company, valued at $7,213,639.62. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Netskope Price Performance

Shares of NASDAQ NTSK traded down $0.10 during mid-day trading on Friday, hitting $12.32. 3,986,452 shares of the stock traded hands, compared to its average volume of 6,431,445. Netskope Inc. has a twelve month low of $7.66 and a twelve month high of $27.99. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The firm has a 50 day simple moving average of $10.75 and a two-hundred day simple moving average of $11.78.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (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 firm’s 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. Research analysts anticipate that Netskope Inc. will post -0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NTSK. Envestnet Asset Management Inc. bought a new stake in shares of Netskope in the 3rd quarter valued at $249,000. WINTON GROUP Ltd bought a new position in shares of Netskope in the 3rd quarter worth about $1,121,000. Legal & General Group Plc bought a new position in shares of Netskope in the 3rd quarter worth about $1,677,000. Capital International Investors acquired a new position in shares of Netskope in the 3rd quarter valued at about $47,733,000. Finally, Capital Research Global Investors acquired a new position in shares of Netskope in the 3rd quarter valued at about $47,733,000.

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

Wall Street Analysts Forecast Growth

NTSK has been the subject of a number of research reports. KeyCorp dropped their price objective on shares of Netskope from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, June 25th. Robert W. Baird decreased their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. BTIG Research cut their target price on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Royal Bank Of Canada set a $18.00 price target on Netskope in a research report on Thursday, June 4th. Finally, Oppenheimer decreased their price target on Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research note 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Netskope has an average rating of “Moderate Buy” and an average target price 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.