Netskope (NASDAQ:NTSK) Major Shareholder Sells $3,025,557.00 in Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 336,173 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Lightspeed Venture Partners Se also recently made the following trade(s):

• On Friday, June 12th, Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13.

Netskope Stock Performance

NASDAQ:NTSK opened at $9.05 on Friday. The business’s fifty day moving average is $10.33 and its 200 day moving average is $12.76. The firm has a market cap of $3.66 billion and a price-to-earnings ratio of -45.25. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. Netskope Inc. has a 52-week low of $7.66 and a 52-week high of $27.99.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. The firm’s quarterly 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. Research analysts predict that Netskope Inc. will post -0.88 EPS for the current year.

Analyst Ratings Changes

NTSK has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. William Blair set a $21.00 target price on shares of Netskope in a research note on Thursday, March 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Netskope in a report on Friday, March 27th. Oppenheimer reduced their price target on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Finally, TD Cowen decreased their price target 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. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NTSK. Farther Finance Advisors LLC purchased a new stake in Netskope in the fourth quarter valued at approximately $25,000. Quarry LP purchased a new position in Netskope in the 3rd quarter worth approximately $41,000. Triumph Capital Management increased its holdings in shares of Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of 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 buying an additional 2,617 shares during the last quarter. Finally, Assetmark Inc. purchased a new stake in shares of Netskope during the 3rd quarter valued at $83,000.

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.