Netskope (NASDAQ:NTSK) Shares Up 7.2% on Insider Buying Activity

Netskope Inc. (NASDAQ:NTSK) was up 7.2% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $13.56 and last traded at $13.7160. Approximately 1,091,393 shares changed hands during trading, a decline of 76% from the average session volume of 4,607,002 shares. The stock had previously closed at $12.80.

Specifically, major shareholder Iconiq Strategic Partners Viii acquired 64,771 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was bought at an average cost of $12.42 per share, with a total value of $804,455.82. Following the acquisition, the insider 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Iconiq Strategic Partners Viii bought 241,628 shares of the business’s stock in a transaction dated Friday, July 10th. The stock was bought at an average price of $12.26 per share, for a total transaction of $2,962,359.28. Following the purchase, the insider owned 851,919 shares in the company, valued at approximately $10,444,526.94. This represents a 39.59% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In related news, Director William J.G. Griffith purchased 64,771 shares of Netskope stock in a transaction dated Monday, July 13th. The shares were acquired at an average price of $12.42 per share, with a total value of $804,455.82. Following the completion of the transaction, the director owned 916,690 shares of the company’s stock, valued at approximately $11,385,289.80. This trade represents a 7.60% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NTSK shares. Oppenheimer lowered their price objective on Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Citizens Jmp reduced their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. 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. Royal Bank Of Canada set a $18.00 price target on Netskope in a report on Thursday, June 4th. Finally, BMO Capital Markets dropped their price target on Netskope from $14.00 to $13.00 and set an “outperform” 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 issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Netskope currently has an average rating of “Moderate Buy” and an average target price of $17.11.

Key Headlines Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Director and major shareholder William J.G. Griffith bought 64,771 shares on July 13 at $12.42, increasing his stake by 7.6% and reinforcing the bullish insider-buying trend. SEC filing
• Positive Sentiment: Earlier in the week, Griffith and Iconiq Strategic Partners Viii each purchased 241,628 shares at $12.26, a much larger buy that lifted ownership by 39.6% and suggested strong confidence from insiders. SEC filing
• Positive Sentiment: Options activity also turned more bullish, with call volume running about 83% above normal, which can indicate traders are positioning for upside.
• Neutral Sentiment: Broker coverage remains favorable overall, with Netskope carrying a “Moderate Buy” consensus, though several firms have trimmed their price targets recently. Article
• Neutral Sentiment: Recent commentary mostly repeats the same insider-buying disclosures, so it is adding attention more than new fundamental information.

Netskope Trading Down 7.1%

The stock has a market cap of $5.35 billion and a price-to-earnings ratio of -66.25. The firm’s 50 day moving average is $10.93 and its two-hundred day moving average is $11.62. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06.

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

Institutional Trading of Netskope

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in Netskope in the fourth quarter worth $25,000. Quarry LP bought a new stake in Netskope in the third quarter valued at $41,000. Triumph Capital Management boosted its holdings in shares of Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after acquiring an additional 1,900 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Netskope by 261.7% during the fourth 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 bought a new position in shares of Netskope during the fourth quarter worth about $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.