Insider Selling: Netskope (NASDAQ:NTSK) Major Shareholder Sells 219,075 Shares

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 219,075 shares of Netskope stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $12.23, for a total transaction of $2,679,287.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, July 8th, Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock. The stock was sold at an average price of $11.70, for a total value of $124,265.70.
• On Monday, June 15th, Lightspeed Venture Partners Se sold 336,173 shares of Netskope stock. The shares were sold at an average price of $9.00, for a total transaction of $3,025,557.00.
• On Friday, June 12th, Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13.

Netskope Trading Up 4.2%

Shares of NASDAQ:NTSK traded up $0.50 during trading on Thursday, reaching $12.42. The stock had a trading volume of 3,215,907 shares, compared to its average volume of 6,542,324. The firm’s fifty day moving average is $10.70 and its 200 day moving average is $11.78. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Cowen decreased their target price on Netskope from $25.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Piper Sandler cut their target price on Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, June 4th. Morgan Stanley decreased their price target on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, June 4th. Royal Bank Of Canada set a $18.00 price objective on shares of Netskope in a research note on Thursday, June 4th. Finally, KeyCorp decreased their target price on shares of Netskope from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, June 25th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Netskope has an average rating of “Moderate Buy” and a consensus target price of $17.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in Netskope during the 4th quarter valued at $25,000. Quarry LP purchased a new stake in shares of Netskope in the third quarter worth about $41,000. Triumph Capital Management lifted its holdings in shares of Netskope by 380.0% in 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 in the last quarter. Wells Fargo & Company MN boosted its position in shares of Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after acquiring an additional 2,617 shares during the period. Finally, Leonteq Securities AG purchased a new position in Netskope during the fourth quarter valued at approximately $64,000.

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.