Netskope (NASDAQ:NTSK) Major Shareholder Lightspeed Venture Partners Se Sells 10,621 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $11.70, for a total value of $124,265.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, July 9th, Lightspeed Venture Partners Se sold 219,075 shares of Netskope stock. The stock was sold at an average price of $12.23, for a total value of $2,679,287.25.
• On Monday, June 15th, Lightspeed Venture Partners Se sold 336,173 shares of Netskope stock. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00.
• 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 Price Performance

NTSK opened at $12.42 on Friday. The business’s 50-day moving average is $10.70 and its two-hundred day moving average is $11.78. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The firm has a market capitalization of $5.02 billion and a PE ratio of -62.10.

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

Institutional Trading of Netskope

A number of institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new position in Netskope during the 4th quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Netskope during the third quarter worth $41,000. Triumph Capital Management lifted its stake in shares of Netskope by 380.0% during the fourth 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 period. Wells Fargo & Company MN grew its holdings in shares of Netskope by 261.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after buying an additional 2,617 shares during the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Netskope during the fourth quarter valued at $64,000.

Wall Street Analyst Weigh In

NTSK has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Morgan Stanley reduced their price target on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. BTIG Research decreased their price objective on Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Netskope in a research report on Wednesday. Finally, Piper Sandler dropped their target price on Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

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.