Netskope (NASDAQ:NTSK) Major Shareholder Iconiq Strategic Partners Viii Buys 64,771 Shares

Netskope Inc. (NASDAQ:NTSK) major shareholder Iconiq Strategic Partners Viii purchased 64,771 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were purchased at an average cost of $12.42 per share, with a total value of $804,455.82. Following the completion of the purchase, the insider directly owned 916,690 shares in the company, valued at approximately $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, July 10th, Iconiq Strategic Partners Viii purchased 241,628 shares of Netskope stock. The stock was purchased at an average cost of $12.26 per share, with a total value of $2,962,359.28.
• On Wednesday, July 8th, Iconiq Strategic Partners Viii acquired 610,291 shares of Netskope stock. The stock was purchased at an average price of $11.82 per share, for a total transaction of $7,213,639.62.

Netskope Price Performance

Shares of NTSK opened at $14.27 on Wednesday. The firm has a market cap of $5.76 billion and a PE ratio of -71.35. The firm’s 50 day moving average price is $10.88 and its 200 day moving average price is $11.66. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. Netskope Inc. has a twelve month low of $7.66 and a twelve month high of $27.99.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million during 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 expect that Netskope Inc. will post -0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NTSK. KeyCorp decreased 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 cut their target price on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Wells Fargo & Company decreased their price target on Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Royal Bank Of Canada set a $18.00 price objective on Netskope in a report on Thursday, June 4th. Finally, BMO Capital Markets cut their price objective on Netskope from $14.00 to $13.00 and set an “outperform” 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 given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.11.

Trending Headlines about Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Director William J. G. Griffith bought 241,628 shares on July 10 at $12.26 per share, a $3.0 million purchase that raised his stake by 39.6%, signaling strong insider confidence. SEC filing
• Positive Sentiment: Major shareholder Iconiq Strategic Partners Viii also bought 241,628 shares on July 10 for $3.0 million, a notable increase in ownership that may be viewed as a bullish vote of confidence. SEC filing
• Positive Sentiment: Griffith added another 64,771 shares on July 13 at $12.42 per share, bringing his ownership up by 7.6% and reinforcing the insider-buying trend. SEC filing
• Positive Sentiment: Iconiq Strategic Partners Viii bought an additional 64,771 shares on July 13 at $12.42 per share, further boosting sentiment around the stock. SEC filing
• Positive Sentiment: Netskope saw unusual options activity, with call-option volume rising to 4,158 contracts, about 83% above the average daily level, which can signal speculative bullish positioning.
• Neutral Sentiment: Recent articles highlighting the insider purchases may be adding to investor attention, but they largely repeat the same transaction details. Article

Hedge Funds Weigh In On Netskope

Several large investors have recently made changes to their positions in the business. Insight Holdings Group LLC bought a new stake in Netskope during the 3rd quarter valued at approximately $3,978,000. Tudor Investment Corp ET AL bought a new position in Netskope in the 3rd quarter worth approximately $3,928,000. Swedbank AB acquired a new position in shares of Netskope during the fourth quarter worth approximately $1,801,000. OFI Invest Asset Management bought a new stake in shares of Netskope in the fourth quarter valued at approximately $15,889,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Netskope in the third quarter valued at approximately $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.