Arif Janmohamed Sells 1,313,827 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) Director Arif Janmohamed sold 1,313,827 shares of Netskope stock in a transaction on 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 transaction, the director directly owned 336,173 shares of the company’s stock, valued at $3,089,429.87. The trade was a 79.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arif Janmohamed also recently made the following trade(s):

• On Monday, June 15th, Arif Janmohamed sold 336,173 shares of Netskope stock. The stock was sold at an average price of $9.00, for a total transaction of $3,025,557.00.

Netskope Stock Performance

Shares of NASDAQ:NTSK opened at $8.72 on Thursday. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99. The stock has a market capitalization of $3.52 billion and a P/E ratio of -43.60. The firm has a fifty day simple moving average of $10.34 and a two-hundred day simple moving average of $12.83. 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 (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. Netskope’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, analysts expect that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Netskope

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. lifted its holdings in Netskope by 32.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock valued at $91,000 after buying an additional 1,270 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Netskope in the 4th quarter valued at about $25,000. Quarry LP bought a new stake in shares of Netskope in the 3rd quarter valued at about $41,000. Triumph Capital Management raised 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 valued at $42,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Netskope by 60.5% in the 4th quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock valued at $103,000 after purchasing an additional 2,216 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NTSK. Royal Bank Of Canada set a $18.00 price target on shares of Netskope in a research note on Thursday, June 4th. William Blair set a $21.00 price target on shares of Netskope in a research note on Thursday, March 12th. Piper Sandler dropped their price target on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, June 4th. Wells Fargo & Company dropped their price target on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Finally, Robert W. Baird dropped their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.16.

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.