Insider Buying: Netskope (NASDAQ:NTSK) Director Purchases $2,962,359.28 in Stock

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

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

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

Netskope Price Performance

Shares of NASDAQ NTSK opened at $13.50 on Friday. The stock has a market cap of $5.45 billion and a PE ratio of -67.50. Netskope Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $27.99. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. The stock has a fifty day moving average of $10.97 and a 200-day moving average of $11.59.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Oppenheimer cut their price objective on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Citizens Jmp decreased their target price on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Friday, May 1st. Wells Fargo & Company lowered their price target on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Robert W. Baird reduced their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Finally, TD Cowen decreased their price objective on Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.21.

Hedge Funds Weigh In On Netskope

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new position in shares of Netskope during the fourth quarter valued at $25,000. Quarry LP bought a new stake in Netskope in the 3rd quarter worth about $41,000. Triumph Capital Management raised its position in 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 buying an additional 1,900 shares during the last quarter. Wells Fargo & Company MN raised its position in Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after buying an additional 2,617 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in Netskope during the 4th quarter valued at about $64,000.

About Netskope

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.