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

Netskope Inc. (NASDAQ:NTSK) was the target of some unusual options trading activity on Tuesday. Investors bought 4,158 call options on the company. This represents an increase of approximately 83% compared to the typical volume of 2,273 call options.

Analysts Set New Price Targets

A number of analysts have commented on NTSK shares. Wells Fargo & Company decreased their price objective on Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, June 5th. BMO Capital Markets decreased their price target on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Royal Bank Of Canada set a $18.00 price objective on Netskope in a research note on Thursday, June 4th. Rosenblatt Securities initiated coverage on shares of Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 target price for the company. Finally, KeyCorp dropped their price target 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. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Insider Buying and Selling at Netskope

In other Netskope news, major shareholder Iconiq Strategic Partners Viii bought 610,291 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was bought at an average cost of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the transaction, the insider directly owned 610,291 shares in the company, valued at approximately $7,213,639.62. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Arif Janmohamed sold 1,313,827 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the sale, the director owned 336,173 shares in the company, valued at $3,089,429.87. This represents a 79.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,529,696 shares of company stock worth $33,002,807. Corporate insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Netskope

Several institutional investors have recently bought and sold shares of NTSK. ICONIQ Capital LLC purchased a new stake in Netskope in the third quarter worth $1,506,261,000. Scge Management L.P. purchased a new position in shares of Netskope during the 3rd quarter valued at $312,104,000. Public Sector Pension Investment Board purchased a new position in shares of Netskope during the 4th quarter valued at $60,882,000. Bamco Inc. NY bought a new position in shares of Netskope during the 3rd quarter worth $52,888,000. Finally, Wasatch Advisors LP bought a new position in shares of Netskope during the 2nd quarter worth $25,107,000.

Netskope Stock Performance

NASDAQ NTSK traded up $1.32 during trading hours on Tuesday, reaching $14.12. 4,343,485 shares of the company were exchanged, compared to its average volume of 4,629,849. The stock has a market capitalization of $5.71 billion and a P/E ratio of -70.72. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06. Netskope has a 1 year low of $7.66 and a 1 year high of $27.99. The business’s 50 day simple moving average is $10.81 and its 200-day simple moving average is $11.69.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. The business’s revenue was up 27.8% compared to the same quarter last year. 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, equities research analysts expect that Netskope will post -0.88 earnings per share for the current year.

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.