Raphael Bousquet Sells 3,823 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) CRO Raphael Bousquet sold 3,823 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $16.66, for a total transaction of $63,691.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Raphael Bousquet also recently made the following trade(s):

• On Friday, January 9th, Raphael Bousquet sold 3,192 shares of Netskope stock. The stock was sold at an average price of $16.38, for a total transaction of $52,284.96.
• On Thursday, January 8th, Raphael Bousquet sold 3,224 shares of Netskope stock. The stock was sold at an average price of $16.97, for a total transaction of $54,711.28.

Netskope Stock Down 1.0%

Shares of NTSK opened at $16.40 on Wednesday. The firm has a market cap of $6.45 billion and a price-to-earnings ratio of -164.00. The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32. The company has a fifty day moving average of $19.15. Netskope Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $27.99.

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

Institutional Investors Weigh In On Netskope

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Netskope in the 4th quarter worth $566,000. Tudor Investment Corp ET AL purchased a new stake in shares of Netskope during the third quarter worth about $3,928,000. Hudson Bay Capital Management LP acquired a new position in shares of Netskope in the third quarter worth about $5,891,000. Polar Asset Management Partners Inc. purchased a new position in Netskope in the third quarter valued at about $2,814,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in Netskope during the 3rd quarter valued at approximately $5,035,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on NTSK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Netskope in a research report on Monday, December 29th. JPMorgan Chase & Co. started coverage on shares of Netskope in a research report on Monday, October 13th. They issued an “overweight” rating and a $26.00 price objective for the company. Zacks Research upgraded shares of Netskope to a “hold” rating in a report on Monday, October 20th. Wall Street Zen raised shares of Netskope to a “hold” rating in a research report on Monday, September 29th. Finally, TD Cowen assumed coverage on Netskope in a research report on Monday, October 13th. They issued a “buy” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.71.

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.