Netskope Target of Unusually High Options Trading (NASDAQ:NTSK)

Netskope Inc. (NASDAQ:NTSK) was the recipient of some unusual options trading on Monday. Investors acquired 3,947 call options on the stock. This is an increase of approximately 16% compared to the typical daily volume of 3,411 call options.

Insiders Place Their Bets

In other Netskope news, major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was bought at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the purchase, the insider owned 610,291 shares in the company, valued at $7,213,639.62. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William J.G. Griffith purchased 610,291 shares of the stock in a transaction dated Wednesday, July 8th. The shares were acquired at an average cost of $11.82 per share, for a total transaction of $7,213,639.62. Following the completion of the acquisition, the director directly owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 1,833,380 shares of company stock worth $21,960,909. 25.52% of the stock is owned by company insiders.

Institutional Trading of Netskope

A number of large investors have recently added to or reduced their stakes in NTSK. Envestnet Asset Management Inc. bought a new position in shares of Netskope in the third quarter valued at $249,000. Legal & General Group Plc bought a new stake in shares of Netskope during the 3rd quarter worth $1,677,000. Franklin Resources Inc. acquired a new position in shares of Netskope in the 3rd quarter worth $17,460,000. Invesco Ltd. acquired a new position in shares of Netskope in the 3rd quarter worth $10,327,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Netskope during the third quarter worth $14,774,000.

Netskope Price Performance

Netskope stock traded up $1.97 during midday trading on Monday, hitting $16.66. The company’s stock had a trading volume of 5,348,013 shares, compared to its average volume of 4,716,669. Netskope has a 12 month low of $7.66 and a 12 month high of $27.99. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 4.45. The company has a market capitalization of $6.81 billion and a PE ratio of -6.54. The stock’s 50-day moving average price is $13.76 and its 200-day moving average price is $11.43.

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

Analyst Ratings Changes

Several research firms have commented on NTSK. Mizuho set a $16.00 target price on shares of Netskope in a research note on Wednesday, August 19th. TD Cowen reiterated a “buy” rating and set a $19.00 price objective on shares of Netskope in a research note on Monday, August 17th. BTIG Research boosted their target price on Netskope from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. BMO Capital Markets upped their target price on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. increased their price target on Netskope from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.03.

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.