Insider Selling: Netskope (NASDAQ:NTSK) Major Shareholder Sells $158,252.90 in Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $14.90, for a total transaction of $158,252.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 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 Wednesday, July 8th, Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock. The shares were sold at an average price of $11.70, for a total transaction of $124,265.70.

Netskope Trading Up 15.6%

NASDAQ:NTSK traded up $2.30 during trading hours on Monday, reaching $17.00. The stock had a trading volume of 13,682,043 shares, compared to its average volume of 4,892,998. The company has a 50 day moving average price of $13.85 and a two-hundred day moving average price of $11.48. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.23. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. The business had revenue of $220.54 million for the quarter. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. As a group, equities analysts forecast that Netskope Inc. will post -0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Netskope

Large investors have recently bought and sold shares of the stock. Leonteq Securities AG acquired a new stake in Netskope during the 4th quarter worth about $64,000. Rockefeller Capital Management L.P. grew its stake in shares of Netskope by 199,900.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company’s stock valued at $70,000 after buying an additional 3,998 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Netskope during the 4th quarter worth $87,000. Operose Advisors LLC bought a new position in shares of Netskope in the 2nd quarter valued at approximately $56,000. Finally, FNY Investment Advisers LLC raised its holdings in Netskope by 88.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock worth $92,000 after acquiring an additional 4,000 shares during the period.

Analyst Ratings Changes

A number of research firms have commented on NTSK. BMO Capital Markets upped their price target on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Wells Fargo & Company increased their price objective on Netskope from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Oppenheimer boosted their price objective on shares of Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netskope in a report on Wednesday, July 8th. Finally, Stephens assumed coverage on Netskope in a research report on Monday. They set an “overweight” rating and a $21.00 target price on the stock. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.12.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides a cloud-native platform designed to help organizations secure data, users, devices, applications and networks. Its offerings address security needs arising from cloud computing, remote work and the use of software-as-a-service applications.

The company’s platform includes security service edge (SSE) and secure access service edge (SASE) capabilities, such as cloud access security broker (CASB) services, secure web gateways, zero-trust network access, data loss prevention, cloud firewall functionality and security analytics.