Netskope (NASDAQ:NTSK) Director Arif Janmohamed Sells 336,173 Shares

Netskope Inc. (NASDAQ:NTSK) Director Arif Janmohamed sold 336,173 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, June 12th, Arif Janmohamed sold 1,313,827 shares of Netskope stock. The stock was sold at an average price of $9.19, for a total value of $12,074,070.13.

Netskope Stock Up 1.6%

Shares of NASDAQ NTSK opened at $8.95 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The company has a market cap of $3.62 billion and a price-to-earnings ratio of -44.75. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $27.99. The stock has a 50-day moving average price of $10.35 and a two-hundred day moving average price of $12.89.

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 business had revenue of $201.59 million for the quarter. Netskope’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. As a group, analysts forecast that Netskope Inc. will post -0.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NTSK shares. Citizens Jmp lowered their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. FBN Securities started coverage on Netskope in a report on Wednesday, February 25th. They issued an “outperform” rating and a $15.00 target price for the company. BMO Capital Markets lowered their target price on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Rosenblatt Securities initiated coverage on shares of Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 12th. One equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.16.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NTSK. ICONIQ Capital LLC bought a new position in Netskope in the 3rd quarter valued at approximately $1,506,261,000. Scge Management L.P. bought a new position in Netskope in the 3rd quarter valued at approximately $312,104,000. Vanguard Group Inc. bought a new position in Netskope in the 3rd quarter valued at approximately $80,006,000. Public Sector Pension Investment Board bought a new position in Netskope in the 4th quarter valued at approximately $60,882,000. Finally, Bamco Inc. NY bought a new position in Netskope in the 3rd quarter valued at approximately $52,888,000.

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.