Investors Buy High Volume of Netskope Call Options (NASDAQ:NTSK)

Netskope Inc. (NASDAQ:NTSK) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 4,158 call options on the company. This represents an increase of 83% compared to the typical volume of 2,273 call options.

Netskope Price Performance

NASDAQ NTSK opened at $13.25 on Thursday. The stock has a market capitalization of $5.35 billion and a price-to-earnings ratio of -66.25. Netskope has a 1-year low of $7.66 and a 1-year high of $27.99. 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 business’s fifty day moving average price is $10.93 and its 200-day moving average price is $11.62.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. Netskope’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. On average, equities analysts predict that Netskope will post -0.88 earnings per share for the current year.

Insider Activity

In other news, Director Arif Janmohamed sold 1,313,827 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13. Following the transaction, the director owned 336,173 shares in the company, valued at approximately $3,089,429.87. This represents a 79.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Iconiq Strategic Partners Viii acquired 610,291 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the insider owned 610,291 shares in the company, valued at $7,213,639.62. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. Insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

Several institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC bought a new stake in Netskope during the fourth quarter valued at approximately $25,000. Quarry LP purchased a new position in shares of Netskope during the 3rd quarter worth $41,000. Triumph Capital Management boosted its stake in shares of Netskope by 380.0% during 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 during the last quarter. Wells Fargo & Company MN grew its position in shares of Netskope by 261.7% during 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 period. Finally, Leonteq Securities AG purchased a new stake in shares of Netskope in the 4th quarter worth $64,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. 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 report on Friday, June 5th. Mizuho reduced their price objective on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. BTIG Research decreased their target price on Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. TD Cowen lowered their target price on shares of Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Finally, Royal Bank Of Canada set a $18.00 price target on shares of Netskope in a report on Thursday, June 4th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.21.

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.