Iconiq Strategic Partners Viii Purchases 64,771 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Iconiq Strategic Partners Viii acquired 64,771 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were bought at an average cost of $12.42 per share, with a total value of $804,455.82. Following the transaction, the insider directly owned 916,690 shares in the company, valued at $11,385,289.80. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more 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 bought 241,628 shares of Netskope stock. The stock was purchased at an average cost of $12.26 per share, for a total transaction of $2,962,359.28.
• On Wednesday, July 8th, Iconiq Strategic Partners Viii purchased 610,291 shares of Netskope stock. The shares were purchased at an average price of $11.82 per share, for a total transaction of $7,213,639.62.

Netskope Trading Down 7.1%

NTSK opened at $13.25 on Thursday. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99. The business has a fifty day simple moving average of $10.93 and a 200-day simple moving average of $11.62. The firm has a market cap of $5.35 billion and a P/E ratio of -66.25. 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 quarterly earnings data 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 firm 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. On average, equities analysts expect that Netskope Inc. will post -0.88 earnings per share for the current year.

Key Stories 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.

Institutional Investors Weigh In On Netskope

A number of hedge funds have recently bought and sold shares of the stock. ICONIQ Capital LLC acquired a new position in shares of Netskope during the third quarter worth about $1,506,261,000. Scge Management L.P. purchased a new stake in shares of Netskope during the third quarter worth approximately $312,104,000. Public Sector Pension Investment Board acquired a new stake in Netskope in the fourth quarter valued at approximately $60,882,000. Bamco Inc. NY acquired a new stake in Netskope in the third quarter valued at approximately $52,888,000. Finally, Wasatch Advisors LP purchased a new position in Netskope in the second quarter worth approximately $25,107,000.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NTSK shares. BTIG Research cut their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Citizens Jmp dropped their price objective on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. Robert W. Baird cut their target price on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Piper Sandler reduced their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, June 4th. Finally, Mizuho decreased their price target on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.