Insider Selling: Netskope (NASDAQ:NTSK) CEO Sells 346,061 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) CEO Sanjay Beri sold 346,061 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $16.91, for a total transaction of $5,851,891.51. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $17.33, for a total transaction of $3,045,002.31.
• On Wednesday, December 31st, Sanjay Beri sold 108,553 shares of Netskope stock. The stock was sold at an average price of $17.67, for a total value of $1,918,131.51.

Netskope Stock Performance

Netskope stock traded up $0.25 during trading on Monday, reaching $17.15. The company had a trading volume of 2,713,980 shares, compared to its average volume of 3,980,611. The company has a market capitalization of $6.74 billion and a price-to-earnings ratio of -171.50. The company has a 50-day moving average of $19.91. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32. Netskope Inc. has a 1-year low of $16.57 and a 1-year high of $27.99.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on NTSK shares. Cowen started coverage on Netskope in a research report on Monday, October 13th. They set a “buy” rating on the stock. Wells Fargo & Company began coverage on shares of Netskope in a research report on Monday, October 13th. They set an “overweight” rating and a $28.00 price objective for the company. UBS Group set a $27.00 target price on shares of Netskope in a report on Monday, October 13th. JPMorgan Chase & Co. started coverage on Netskope in a report on Monday, October 13th. They set an “overweight” rating and a $26.00 price target for the company. Finally, Robert W. Baird started coverage on Netskope in a research report on Monday, October 27th. They set an “outperform” rating and a $27.00 price objective for the company. One 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 company’s stock. According to MarketBeat, Netskope currently has an average rating of “Moderate Buy” and an average price target of $26.94.

Institutional Investors Weigh In On Netskope

A number of hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new position in Netskope during the 3rd quarter worth approximately $41,000. Assetmark Inc. purchased a new stake in Netskope in the third quarter valued at approximately $83,000. RiverPark Advisors LLC acquired a new stake in shares of Netskope in the third quarter valued at approximately $87,000. SBI Securities Co. Ltd. acquired a new stake in shares of Netskope in the third quarter valued at approximately $89,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Netskope during the third quarter worth approximately $127,000.

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.