Netskope (NASDAQ:NTSK) Director Sells $12,074,070.13 in Stock

Netskope Inc. (NASDAQ:NTSK) Director Arif Janmohamed sold 1,313,827 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13. Following the sale, the director owned 336,173 shares of the company’s stock, valued at $3,089,429.87. This represents a 79.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, June 15th, Arif Janmohamed sold 336,173 shares of Netskope stock. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00.

Netskope Price Performance

Shares of Netskope stock opened at $9.05 on Friday. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The business’s 50 day simple moving average is $10.33 and its two-hundred day simple moving average is $12.76. The stock has a market capitalization of $3.66 billion and a P/E ratio of -45.25. Netskope Inc. has a one year low of $7.66 and a one year high of $27.99.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. The firm’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. Analysts forecast that Netskope Inc. will post -0.88 EPS for the current year.

Wall Street Analysts Forecast Growth

NTSK has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Netskope from $22.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. William Blair set a $21.00 price objective on shares of Netskope in a research note on Thursday, March 12th. Mizuho dropped their target price on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Finally, BTIG Research cut their target price on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Netskope currently has an average rating of “Moderate Buy” and a consensus price target of $17.16.

Institutional Trading of Netskope

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTSK. Farther Finance Advisors LLC bought a new stake in Netskope in the fourth quarter valued at $25,000. Quarry LP purchased a new position in Netskope during the 3rd quarter valued at $41,000. Triumph Capital Management raised its holdings in Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after purchasing an additional 1,900 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Netskope in the 4th quarter worth about $64,000.

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.