Netskope (NASDAQ:NTSK) Director William J.G. Griffith Buys 241,628 Shares

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

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

• On Monday, July 13th, William J.G. Griffith purchased 64,771 shares of Netskope stock. The shares were purchased at an average cost of $12.42 per share, with a total value of $804,455.82.
• On Wednesday, July 8th, William J.G. Griffith 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 Price Performance

Shares of NTSK traded up $1.47 during midday trading on Tuesday, reaching $14.27. The stock had a trading volume of 10,148,206 shares, compared to its average volume of 4,680,417. 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 company has a market capitalization of $5.76 billion and a P/E ratio of -71.35. The firm’s 50 day moving average price is $10.81 and its 200-day moving average price is $11.69. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The firm’s revenue 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, analysts forecast that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NTSK. BTIG Research lowered their price objective 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 cut their target price on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada set a $18.00 price target on shares of Netskope in a research report on Thursday, June 4th. TD Cowen dropped their price target on Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Finally, BMO Capital Markets cut their price objective on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Netskope currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

Institutional Trading of Netskope

Hedge funds have recently bought and sold shares of the company. Insight Holdings Group LLC acquired a new position in Netskope in the 3rd quarter worth approximately $3,978,000. Tudor Investment Corp ET AL acquired a new stake in Netskope during the 3rd quarter valued at $3,928,000. Swedbank AB acquired a new stake in Netskope during the 4th quarter valued at $1,801,000. OFI Invest Asset Management purchased a new stake in shares of Netskope in the fourth quarter valued at $15,889,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Netskope in the third quarter valued at $5,891,000.

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.