Netskope (NASDAQ:NTSK) Major Shareholder Sells $124,265.70 in Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $11.70, for a total value of $124,265.70. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, July 9th, Lightspeed Venture Partners Se sold 219,075 shares of Netskope stock. The shares were sold at an average price of $12.23, for a total transaction of $2,679,287.25.
• 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.
• On Friday, June 12th, Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13.

Netskope Stock Performance

Shares of NTSK traded down $0.10 during trading hours on Friday, hitting $12.32. The company had a trading volume of 3,986,452 shares, compared to its average volume of 6,431,445. The business has a fifty day moving average of $10.75 and a 200-day moving average of $11.78. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06. The firm has a market cap of $4.98 billion and a price-to-earnings ratio of -61.60. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $27.99.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Piper Sandler cut their price objective on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. Morgan Stanley decreased their price target on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. Robert W. Baird reduced their price target on Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. BTIG Research reduced their target price on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Finally, KeyCorp lowered their price target on shares of Netskope from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, June 25th. One equities 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 issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

Institutional Investors Weigh In On Netskope

A number of hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. raised its holdings in shares of Netskope by 32.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock valued at $91,000 after purchasing an additional 1,270 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Netskope in the 4th quarter valued at about $25,000. Quarry LP bought a new stake in Netskope in the 3rd quarter valued at about $41,000. Triumph Capital Management raised its stake in Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares during the period. Finally, Assetmark Inc. grew its stake in Netskope by 60.5% in the fourth quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock valued at $103,000 after acquiring an additional 2,216 shares during the period.

Trending Headlines about Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Director William J.G. Griffith bought 610,291 shares at $11.82 each, a sizable insider purchase that can signal confidence in Netskope’s outlook. SEC filing
• Positive Sentiment: Major shareholder Iconiq Strategic Partners VIII also bought 610,291 shares at the same price, reinforcing the view that key insiders see value around current levels. SEC filing
• Neutral Sentiment: The company recently reported June short interest at 26.9 million shares, up 76.4% from mid-June and equal to 8.9% of shares sold short, which suggests a meaningful bearish bet but not necessarily an immediate catalyst.
• Negative Sentiment: Lightspeed Venture Partners sold shares on multiple recent dates, including 219,075 shares at $12.23 and smaller sales at $11.70, which can be viewed as insider profit-taking. SEC filing

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.