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

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the transaction, the insider directly owned 336,173 shares in the company, valued at $3,089,429.87. This trade represents a 79.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Lightspeed Venture Partners Se also recently made the following trade(s):

• On Monday, June 15th, Lightspeed Venture Partners Se sold 336,173 shares of Netskope stock. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00.

Netskope Stock Up 3.8%

NTSK stock opened at $9.05 on Friday. The stock’s 50 day simple moving average is $10.33 and its 200 day simple moving average is $12.76. Netskope Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $27.99. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. The company has a market cap of $3.66 billion and a P/E ratio of -45.25.

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

Hedge Funds Weigh In On Netskope

Several hedge funds have recently modified their holdings of the company. ICONIQ Capital LLC bought a new position in shares of Netskope in the third quarter valued at approximately $1,506,261,000. Scge Management L.P. bought a new stake in Netskope during the third quarter worth $312,104,000. Vanguard Group Inc. bought a new stake in Netskope during the third quarter worth $80,006,000. Public Sector Pension Investment Board purchased a new position in Netskope in the fourth quarter worth $60,882,000. Finally, Bamco Inc. NY bought a new position in Netskope in the 3rd quarter valued at $52,888,000.

Analysts Set New Price Targets

Several analysts recently issued reports on NTSK shares. BMO Capital Markets reduced their price target on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Mizuho lowered their price objective on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Morgan Stanley dropped their price objective on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reduced 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. One equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.16.

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.