Netskope (NASDAQ:NTSK) Director William J.G. Griffith Purchases 241,628 Shares

Netskope Inc. (NASDAQ:NTSK) Director William J.G. Griffith acquired 241,628 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was acquired at an average cost of $12.26 per share, with a total value of $2,962,359.28. Following the transaction, the director directly owned 851,919 shares of the company’s stock, valued at approximately $10,444,526.94. This represents a 39.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

William J.G. Griffith also recently made the following trade(s):

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

Netskope Stock Up 11.5%

Shares of NASDAQ NTSK opened at $14.27 on Wednesday. The stock has a fifty day moving average price of $10.88 and a 200 day moving average price of $11.66. 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. The company has a market cap of $5.76 billion and a P/E ratio of -71.35.

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 company had revenue of $201.59 million for the quarter. The business’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.

Key Headlines Impacting 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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NTSK shares. BMO Capital Markets lowered their price objective on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Morgan Stanley reduced their target price on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Piper Sandler decreased 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 target on shares of Netskope in a report on Thursday, June 4th. Finally, Rosenblatt Securities started coverage on shares of Netskope in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.11.

Hedge Funds Weigh In On Netskope

Several large investors have recently modified their holdings of NTSK. Farther Finance Advisors LLC bought a new stake in Netskope in the fourth quarter valued at about $25,000. Quarry LP acquired a new position in shares of Netskope in the 3rd quarter worth approximately $41,000. Triumph Capital Management grew its position in shares of Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after acquiring an additional 2,617 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Netskope during the 4th quarter valued at approximately $64,000.

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.