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 business’s 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 completion of the transaction, the director directly owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. The trade was a 79.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, June 15th, Arif Janmohamed 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 1.6%

Shares of NASDAQ:NTSK traded up $0.14 during trading on Tuesday, hitting $8.95. 7,859,464 shares of the company were exchanged, compared to its average volume of 4,334,507. Netskope Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $27.99. The stock has a market cap of $3.62 billion and a price-to-earnings ratio of -44.75. The firm has a fifty day moving average price of $10.35 and a two-hundred day moving average price of $12.95. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million for the quarter. The business’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. As a group, research analysts anticipate that Netskope Inc. will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NTSK. Citizens Jmp cut their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. KeyCorp raised their target price on Netskope from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Robert W. Baird decreased their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Finally, Wells Fargo & Company dropped their target price on Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.16.

Hedge Funds Weigh In On Netskope

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. purchased a new stake in shares of Netskope in the 3rd quarter valued at about $249,000. Assetmark Inc. purchased a new stake in Netskope in the third quarter worth about $83,000. Vanguard Group Inc. purchased a new stake in Netskope in the third quarter worth about $80,006,000. Readystate Asset Management LP bought a new position in shares of Netskope during the third quarter valued at $341,000. Finally, CenterBook Partners LP bought a new position in Netskope in the 3rd quarter worth about $449,000.

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.