Matto Andrew Del Sells 38,616 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) CFO Matto Andrew Del sold 38,616 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $17.34, for a total value of $669,601.44. Following the completion of the sale, the chief financial officer owned 41,493 shares of the company’s stock, valued at approximately $719,488.62. This represents a 48.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Netskope Price Performance

Shares of Netskope stock opened at $17.34 on Wednesday. The firm has a fifty day simple moving average of $19.79. Netskope Inc. has a 12 month low of $16.57 and a 12 month high of $27.99. The firm has a market cap of $6.82 billion and a PE ratio of -173.40. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Thursday, December 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.15. The business had revenue of $184.17 million for the quarter, compared to analysts’ expectations of $175.81 million. Netskope’s quarterly revenue was up 33.0% on a year-over-year basis.

Key Headlines 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Chicago Capital LLC purchased a new position in Netskope in the third quarter worth $2,056,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Netskope during the 3rd quarter worth $72,463,000. Federated Hermes Inc. purchased a new position in shares of Netskope in the 3rd quarter valued at about $18,184,000. New York State Common Retirement Fund acquired a new stake in shares of Netskope in the third quarter valued at about $943,000. Finally, Principal Financial Group Inc. purchased a new stake in Netskope during the third quarter worth about $27,239,000.

Wall Street Analysts Forecast Growth

NTSK has been the subject of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating on shares of Netskope in a research report on Friday, December 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of Netskope in a report on Monday. JPMorgan Chase & Co. initiated coverage on shares of Netskope in a research report on Monday, October 13th. They issued an “overweight” rating and a $26.00 price objective on the stock. Zacks Research upgraded shares of Netskope to a “hold” rating in a research report on Monday, October 20th. Finally, Citizens Jmp assumed coverage on shares of Netskope in a research note on Monday, October 13th. They issued a “mkt outperform” rating and a $27.00 target price for the company. One equities 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 stock. According to MarketBeat.com, Netskope has a consensus rating of “Moderate Buy” and a consensus price target of $26.94.

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.