Netskope (NASDAQ:NTSK) Major Shareholder Lightspeed Venture Partners Se Sells 336,173 Shares

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 336,173 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, June 12th, Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13.

Netskope Stock Performance

NASDAQ NTSK opened at $8.95 on Wednesday. The stock has a market capitalization of $3.62 billion and a PE ratio of -44.75. The business has a 50 day simple moving average of $10.35 and a two-hundred day simple moving average of $12.89. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. Netskope Inc. has a 1-year low of $7.66 and a 1-year high of $27.99.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. Netskope’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. On average, research analysts predict that Netskope Inc. will post -0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Netskope

A number of large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. boosted its holdings in Netskope by 32.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock valued at $91,000 after acquiring an additional 1,270 shares during the period. Farther Finance Advisors LLC purchased a new position in Netskope during the 4th quarter valued at $25,000. Quarry LP purchased a new position in Netskope during the 3rd quarter valued at $41,000. Triumph Capital Management boosted its holdings in Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after acquiring an additional 1,900 shares during the period. Finally, Assetmark Inc. boosted its holdings in Netskope by 60.5% during the 4th quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock valued at $103,000 after acquiring an additional 2,216 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NTSK shares. BMO Capital Markets dropped their target price on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Royal Bank Of Canada set a $18.00 target price on Netskope in a report on Thursday, June 4th. TD Cowen dropped their target price on Netskope from $25.00 to $19.00 and set a “buy” rating for the company in a report 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 target price for the company. Finally, Piper Sandler dropped their target price on Netskope from $21.00 to $18.00 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 stock presently 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.