Netskope (NASDAQ:NTSK) CFO Sells $669,601.44 in Stock

Netskope Inc. (NASDAQ:NTSK) CFO Matto Andrew Del sold 38,616 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $17.34, for a total value of $669,601.44. Following the completion of the transaction, the chief financial officer owned 41,493 shares in the company, valued at $719,488.62. This represents a 48.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Netskope Stock Up 1.8%

NTSK stock opened at $17.65 on Thursday. Netskope Inc. has a 52-week low of $16.57 and a 52-week high of $27.99. The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market capitalization of $6.94 billion and a PE ratio of -176.50. The stock’s fifty day simple moving average is $19.68.

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

Netskope News Summary

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported a December quarter beat (EPS and revenue) with revenue up ~33% year‑over‑year — a fundamental positive that supports the growth story and can help underpin the stock over time.
• Neutral Sentiment: Analyst/institutional backdrop is generally constructive: consensus is a “Moderate Buy” with a street target near $26.94 and multiple buy/outperform ratings and large institutional stakes reported, which can limit downside if fundamentals remain intact.
• Negative Sentiment: CEO Sanjay Beri has sold large blocks of shares across multiple days (recent filings show sales totaling hundreds of thousands of shares over early January), which markets often interpret as a negative signal for insider conviction. Read More.
• Negative Sentiment: CFO Matto Andrew H. Del has also sold substantial shares across recent filings and his reported direct ownership has materially declined (to ~41,493 shares), which can raise governance or confidence concerns among investors. Read More.
• Negative Sentiment: Technical/market pressure: the stock recently hit a new 52‑week low, increasing the risk of stop‑loss selling and short‑term volatility. Read More.

Hedge Funds Weigh In On Netskope

Several institutional investors have recently modified their holdings of NTSK. Chicago Capital LLC purchased a new stake in shares of Netskope during the third quarter worth $2,056,000. Massachusetts Financial Services Co. MA purchased a new stake in Netskope during the 3rd quarter worth about $72,463,000. Federated Hermes Inc. acquired a new stake in Netskope in the 3rd quarter valued at about $18,184,000. New York State Common Retirement Fund purchased a new position in shares of Netskope in the 3rd quarter valued at about $943,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Netskope during the third quarter worth about $27,239,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NTSK shares. 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. KeyCorp upped their price target on Netskope from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Mizuho raised their price target on Netskope from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Baird R W raised Netskope to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Cowen assumed coverage on Netskope in a research note on Monday, October 13th. They set a “buy” rating on the stock. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.94.

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.