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 acquired 7,246 call options on the stock. This represents an increase of 75% compared to the average volume of 4,152 call options.

Netskope Stock Up 6.9%

Shares of Netskope stock traded up $1.26 during trading hours on Tuesday, reaching $19.68. The company’s stock had a trading volume of 3,770,626 shares, compared to its average volume of 4,944,024. Netskope has a one year low of $7.66 and a one year high of $24.98. The company has a market capitalization of $8.04 billion and a P/E ratio of -7.72. The stock’s fifty day simple moving average is $15.42 and its two-hundred day simple moving average is $12.23. 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 (NASDAQ:NTSK) last posted its earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.23. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. The company had revenue of $220.54 million during the quarter. 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, research analysts forecast that Netskope will post -0.82 earnings per share for the current year.

Insider Transactions at Netskope

In other news, major shareholder Iconiq Strategic Partners Viii purchased 610,291 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were purchased at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the purchase, the insider directly owned 610,291 shares of the company’s stock, valued at $7,213,639.62. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William J.G. Griffith purchased 610,291 shares of Netskope stock in a transaction that occurred on Wednesday, July 8th. The shares were 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 director directly owned 610,291 shares of the company’s stock, valued at approximately $7,213,639.62. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 1,833,380 shares of company stock worth $21,960,909 and have sold 240,317 shares worth $2,961,806. 25.52% of the stock is owned by corporate insiders.

Institutional Trading of Netskope

Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of Netskope by 199,900.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock valued at $70,000 after purchasing an additional 3,998 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Netskope during the fourth quarter worth $87,000. Operose Advisors LLC purchased a new stake in Netskope in the 2nd quarter valued at $56,000. FNY Investment Advisers LLC raised its position in Netskope by 88.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock valued at $92,000 after buying an additional 4,000 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Netskope by 57.6% during the 1st quarter. Assetmark Inc. now owns 9,264 shares of the company’s stock valued at $79,000 after acquiring an additional 3,385 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NTSK shares. KeyCorp raised their price target on Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Wells Fargo & Company increased their price objective on shares of Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Morgan Stanley increased their price objective on shares of Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. BMO Capital Markets raised their target price on Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Finally, Rosenblatt Securities upped their price target on Netskope from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued 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 a consensus target price of $19.32.

Netskope Company Profile

Netskope, Inc is a cloud security company that provides technology for protecting data, users, applications and networks in modern digital environments. Its platform is designed to help organizations secure access to cloud services, web applications, private applications and other internet-connected resources while supporting distributed workforces and hybrid IT infrastructures.

The company’s products include cloud access security broker (CASB) capabilities, secure web gateway services, zero trust network access, data loss prevention, cloud firewall functionality and security analytics.