Netskope (NASDAQ:NTSK) Director William J.G. Griffith Purchases 64,771 Shares

Netskope Inc. (NASDAQ:NTSK) Director William J.G. Griffith bought 64,771 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was acquired at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the purchase, the director directly owned 916,690 shares in the company, valued at approximately $11,385,289.80. The trade was a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, July 10th, William J.G. Griffith purchased 241,628 shares of Netskope stock. The shares were acquired at an average price of $12.26 per share, with a total value of $2,962,359.28.
• On Wednesday, July 8th, William J.G. Griffith purchased 610,291 shares of Netskope stock. The shares were acquired at an average price of $11.82 per share, with a total value of $7,213,639.62.

Netskope Stock Up 11.5%

NTSK stock opened at $14.27 on Wednesday. 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 company’s 50 day moving average is $10.88 and its 200 day moving average is $11.66. The stock has a market cap of $5.76 billion and a price-to-earnings ratio of -71.35. Netskope Inc. has a 1-year low of $7.66 and a 1-year high of $27.99.

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

Netskope News Roundup

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

Institutional Trading of Netskope

Several institutional investors have recently added to or reduced their stakes in the business. ICONIQ Capital LLC bought a new position in shares of Netskope during the third quarter valued at about $1,506,261,000. Scge Management L.P. bought a new stake in shares of Netskope in the 3rd quarter valued at about $312,104,000. Vanguard Group Inc. boosted its holdings in Netskope by 51.5% during the 4th quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock valued at $93,536,000 after acquiring an additional 1,812,857 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Netskope by 11.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock valued at $62,469,000 after acquiring an additional 373,529 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in Netskope by 14.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock worth $62,383,000 after acquiring an additional 456,321 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NTSK shares. Morgan Stanley dropped their price objective on shares of 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 price target on Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. Rosenblatt Securities initiated coverage on Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Piper Sandler reduced their price objective on Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average 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.