Sanjay Beri Sells 108,553 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) CEO Sanjay Beri sold 108,553 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $17.67, for a total value of $1,918,131.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sanjay Beri also recently made the following trade(s):

• On Monday, January 5th, Sanjay Beri sold 175,707 shares of Netskope stock. The shares were sold at an average price of $17.33, for a total value of $3,045,002.31.
• On Friday, January 2nd, Sanjay Beri sold 346,061 shares of Netskope stock. The stock was sold at an average price of $16.91, for a total value of $5,851,891.51.

Netskope Stock Performance

Shares of NASDAQ NTSK traded up $0.25 during midday trading on Monday, reaching $17.15. 2,713,980 shares of the company traded hands, compared to its average volume of 3,980,611. The business’s 50-day moving average price is $19.91. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 5.17. Netskope Inc. has a 12 month low of $16.57 and a 12 month high of $27.99. The firm has a market capitalization of $6.74 billion and a price-to-earnings ratio of -171.50.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Thursday, December 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.15. The firm had revenue of $184.17 million for the quarter, compared to the consensus estimate of $175.81 million. Netskope’s quarterly revenue was up 33.0% on a year-over-year basis.

Analysts Set New Price Targets

NTSK has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netskope in a report on Monday, December 29th. JMP Securities began coverage on Netskope in a report on Monday, October 13th. They set a “market outperform” rating and a $27.00 target price on the stock. BTIG Research began coverage on Netskope in a report on Monday, October 13th. They issued a “buy” rating and a $27.00 price target for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $26.00 price target on shares of Netskope in a research report on Friday, December 12th. Finally, Mizuho raised their price objective on shares of Netskope from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.94.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL acquired a new stake in shares of Netskope during the 3rd quarter worth approximately $3,928,000. Hudson Bay Capital Management LP acquired a new position in Netskope in the third quarter valued at approximately $5,891,000. Polar Asset Management Partners Inc. bought a new position in Netskope in the third quarter valued at approximately $2,814,000. BlueCrest Capital Management Ltd acquired a new stake in Netskope during the 3rd quarter worth $5,035,000. Finally, Maven Securities LTD bought a new stake in shares of Netskope during the 3rd quarter valued at $227,000.

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.