Netskope Inc. (NASDAQ:NTSK – Get Free Report) Director William J.G. Griffith bought 64,771 shares of the stock in a transaction on Monday, July 13th. The stock was purchased at an average price of $12.42 per share, with a total value of $804,455.82. Following the completion of the purchase, the director owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
William J.G. Griffith also recently made the following trade(s):
- On Friday, July 10th, William J.G. Griffith purchased 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, William J.G. Griffith purchased 610,291 shares of Netskope stock. The shares were acquired at an average cost of $11.82 per share, for a total transaction of $7,213,639.62.
Netskope Stock Performance
Shares of NTSK opened at $13.25 on Thursday. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The firm has a market cap of $5.35 billion and a PE ratio of -66.25. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $27.99. The stock has a fifty day moving average price of $10.93 and a 200-day moving average price of $11.62.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. TD Cowen cut their price objective on shares of Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. KeyCorp dropped their target price on shares of Netskope from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, June 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. BMO Capital Markets lowered their price objective on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Finally, BTIG Research dropped their price objective on shares of Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. One investment 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 assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.11.
Check Out Our Latest Report on NTSK
Hedge Funds Weigh In On Netskope
Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in Netskope during the fourth quarter worth about $25,000. Quarry LP acquired a new position in Netskope in the third quarter valued at approximately $41,000. Triumph Capital Management lifted its holdings in Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after acquiring an additional 1,900 shares during the period. Wells Fargo & Company MN boosted 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 purchasing an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Netskope in the 4th quarter worth approximately $64,000.
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.
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.
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