Insider Selling: Netskope (NASDAQ:NTSK) Director Sells 336,173 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) Director Arif Janmohamed sold 336,173 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $9.00, for a total transaction of $3,025,557.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Arif Janmohamed also recently made the following trade(s):

• On Friday, June 12th, Arif Janmohamed sold 1,313,827 shares of Netskope stock. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13.

Netskope Trading Up 1.6%

NTSK stock traded up $0.14 during midday trading on Tuesday, hitting $8.95. The stock had a trading volume of 7,859,464 shares, compared to its average volume of 4,334,507. The firm has a market cap of $3.62 billion and a P/E ratio of -44.75. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. Netskope Inc. has a 1-year low of $7.66 and a 1-year high of $27.99. The business has a fifty day moving average price of $10.35 and a two-hundred day moving average price of $12.95.

Netskope (NASDAQ:NTSK) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The company’s revenue for the quarter 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. On average, sell-side analysts predict that Netskope Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Netskope

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new stake in Netskope in the fourth quarter valued at $25,000. Quarry LP bought a new stake in Netskope in the third quarter valued at $41,000. Triumph Capital Management increased its stake in Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after purchasing an additional 1,900 shares in the last quarter. Wells Fargo & Company MN increased its stake in Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Assetmark Inc. bought a new stake in Netskope in the third quarter valued at $83,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NTSK shares. Rosenblatt Securities started coverage on shares of Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 target price on the stock. Piper Sandler dropped their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, June 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Netskope in a report on Friday, March 27th. Royal Bank Of Canada set a $18.00 target price on shares of Netskope in a report on Thursday, June 4th. Finally, Wells Fargo & Company decreased their price target on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.16.

Netskope Company Profile

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.