Matto Andrew Del Sells 33,387 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) CFO Matto Andrew Del sold 33,387 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $17.67, for a total transaction of $589,948.29. Following the sale, the chief financial officer owned 41,493 shares in the company, valued at $733,181.31. The trade was a 44.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Netskope Trading Up 1.1%

Netskope stock opened at $17.34 on Wednesday. The firm has a 50 day simple moving average of $19.79. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32. Netskope Inc. has a 1-year low of $16.57 and a 1-year high of $27.99. The stock has a market cap of $6.82 billion and a price-to-earnings ratio of -173.40.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Thursday, December 11th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.15. The company had revenue of $184.17 million during the quarter, compared to the consensus estimate of $175.81 million. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year.

Key Stories Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported a December-quarter beat (EPS and revenue) with ~33% year-over-year revenue growth, supporting the company’s growth narrative and providing a fundamental reason some investors stay constructive. Read More.
• Neutral Sentiment: Analyst coverage and valuation pieces are circulating, keeping the name in focus and likely increasing trading volume/volatility; consensus still skews to “Moderate Buy” with a blended target near the mid-$20s. Read More.
• Negative Sentiment: CEO insider selling: CEO Sanjay Beri disclosed large sales across late Dec–early Jan (~630,321 shares across filings, roughly $10.8M), which traders often view as reduced insider conviction and can weigh on sentiment. Read More.
• Negative Sentiment: CFO insider selling and ownership drop: CFO Matto Andrew H. Del sold multiple tranches (totaling roughly 149k shares, ~$2.6M) and his direct holding fell to ~41.5k shares — a material percentage decline flagged in filings and potentially a governance/conviction concern. Read More. Read More.
• Negative Sentiment: Technical/market pressure: NTSK recently hit a new 52-week low, which can trigger stop-loss selling and discourage risk-on positioning among traders and some funds. Read More.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BTIG Research began coverage on shares of Netskope in a report on Monday, October 13th. They issued a “buy” rating and a $27.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Netskope in a research note on Monday, December 29th. JPMorgan Chase & Co. assumed coverage on shares of Netskope in a report on Monday, October 13th. They issued an “overweight” rating and a $26.00 price target for the company. Oppenheimer set a $28.00 price target on shares of Netskope and gave the stock an “outperform” rating in a report on Monday, October 13th. Finally, Citizens Jmp assumed coverage on Netskope in a research note on Monday, October 13th. They set a “mkt outperform” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.94.

Hedge Funds Weigh In On Netskope

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Netskope during the 3rd quarter valued at $41,000. Assetmark Inc. bought a new position in Netskope in the third quarter valued at $83,000. RiverPark Advisors LLC purchased a new stake in Netskope during the third quarter valued at about $87,000. SBI Securities Co. Ltd. bought a new stake in Netskope during the third quarter worth about $89,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Netskope in the 3rd quarter worth about $127,000.

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.