Netskope (NASDAQ:NTSK) Major Shareholder Sells $124,265.70 in Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $11.70, for a total transaction of $124,265.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, July 9th, Lightspeed Venture Partners Se sold 219,075 shares of Netskope stock. The shares were sold at an average price of $12.23, for a total transaction of $2,679,287.25.
• On Monday, June 15th, Lightspeed Venture Partners Se sold 336,173 shares of Netskope stock. The stock was sold at an average price of $9.00, for a total transaction of $3,025,557.00.
• 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 Price Performance

Shares of NTSK traded up $0.50 during trading hours on Thursday, reaching $12.42. The company had a trading volume of 3,215,907 shares, compared to its average volume of 6,542,324. 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 12-month low of $7.66 and a 12-month high of $27.99. The firm has a 50 day simple moving average of $10.70 and a 200-day simple moving average of $11.78. The company has a market capitalization of $5.02 billion and a price-to-earnings ratio of -62.10.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The business’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. Research analysts expect that Netskope Inc. will post -0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley decreased their price objective on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. KeyCorp reduced their target price on shares of Netskope from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, June 25th. Oppenheimer decreased their price target on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Robert W. Baird cut their price objective on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Finally, Mizuho cut their price target on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Netskope currently has an average rating of “Moderate Buy” and a consensus target price of $17.11.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. purchased a new position in shares of Netskope in the 3rd quarter worth about $249,000. WINTON GROUP Ltd acquired a new stake in Netskope in the 3rd quarter valued at $1,121,000. Legal & General Group Plc purchased a new stake in shares of Netskope during the 3rd quarter valued at about $1,677,000. Capital International Investors acquired a new stake in Netskope in the third quarter valued at approximately $47,733,000. Finally, Capital Research Global Investors acquired a new position in shares of Netskope during the third quarter worth $47,733,000.

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.