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

Netskope Inc. (NASDAQ:NTSK) was the target of some unusual options trading activity on Monday. Stock traders bought 3,947 call options on the company. This represents an increase of approximately 16% compared to the typical volume of 3,411 call options.

Insider Activity at Netskope

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Iconiq Strategic Partners Viii purchased 64,771 shares of the stock in a transaction on Monday, July 13th. The stock was acquired at an average price of $12.42 per share, with a total value of $804,455.82. Following the completion of the acquisition, the insider directly owned 916,690 shares of the company’s stock, valued at approximately $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 1,833,380 shares of company stock worth $21,960,909 and sold 240,317 shares worth $2,961,806. 25.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP acquired a new stake in shares of Netskope in the second quarter valued at about $25,107,000. BIT Capital GmbH bought a new stake in Netskope during the fourth quarter worth about $27,683,000. California State Teachers Retirement System boosted its position in Netskope by 2,367.7% during the second quarter. California State Teachers Retirement System now owns 1,471,507 shares of the company’s stock valued at $16,098,000 after purchasing an additional 1,411,876 shares during the last quarter. Weiss Asset Management LP bought a new position in Netskope in the first quarter valued at approximately $8,957,000. Finally, New York Life Insurance Co. bought a new position in Netskope in the second quarter valued at approximately $11,325,580.

Wall Street Analysts Forecast Growth

NTSK has been the topic of several recent analyst reports. Mizuho set a $16.00 price objective on Netskope in a report on Wednesday, August 19th. Piper Sandler raised their target price on shares of Netskope from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Robert W. Baird lifted their price target on shares of Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Wells Fargo & Company upped their price target on shares of Netskope from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Finally, Oppenheimer increased their price objective on shares of Netskope from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Netskope presently has an average rating of “Moderate Buy” and a consensus price target of $19.12.

Netskope Stock Up 15.6%

Shares of Netskope stock opened at $17.00 on Tuesday. The firm has a market cap of $6.95 billion and a PE ratio of -6.67. The business’s 50 day simple moving average is $13.85 and its 200 day simple moving average is $11.48. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. Netskope has a 52-week low of $7.66 and a 52-week high of $27.99.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. The firm had revenue of $220.54 million during the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%.Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. On average, analysts predict that Netskope will post -0.82 earnings per share for the current fiscal year.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides a cloud-native platform designed to help organizations secure data, users, devices, applications and networks. Its offerings address security needs arising from cloud computing, remote work and the use of software-as-a-service applications.

The company’s platform includes security service edge (SSE) and secure access service edge (SASE) capabilities, such as cloud access security broker (CASB) services, secure web gateways, zero-trust network access, data loss prevention, cloud firewall functionality and security analytics.