Netskope (NASDAQ:NTSK) Major Shareholder Lightspeed Venture Partners Se Sells 219,075 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $12.23, for a total value of $2,679,287.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 value of $124,265.70.
• 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 stock was sold at an average price of $9.19, for a total value of $12,074,070.13.

Netskope Trading Up 4.2%

Shares of NTSK stock opened at $12.42 on Friday. The company has a market capitalization of $5.02 billion and a price-to-earnings ratio of -62.10. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The firm has a 50-day moving average price of $10.70 and a 200 day moving average price of $11.78. Netskope Inc. has a twelve month low of $7.66 and a twelve month high of $27.99.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on NTSK. JPMorgan Chase & Co. reduced their target price on Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Mizuho dropped their price target on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Rosenblatt Securities started coverage on Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netskope in a research note on Friday, March 27th. Finally, Morgan Stanley decreased their target price on Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a report 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 given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Institutional Trading of Netskope

Large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC raised its position in Netskope by 88.9% in the second quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company’s stock valued at $92,000 after purchasing an additional 4,000 shares during the period. Bangor Savings Bank acquired a new stake in shares of Netskope in the second quarter valued at about $104,000. Bank of America Corp DE raised its holdings in shares of Netskope by 36.7% during the 1st quarter. Bank of America Corp DE now owns 139,103 shares of the company’s stock valued at $1,181,000 after buying an additional 37,375 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Netskope during the 1st quarter valued at about $281,000. Finally, California State Teachers Retirement System acquired a new position in Netskope during the 1st quarter worth approximately $506,000.

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.