Netskope (NASDAQ:NTSK) Major Shareholder Sells $158,252.90 in Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $14.90, for a total transaction of $158,252.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 Thursday, July 9th, Lightspeed Venture Partners Se sold 219,075 shares of Netskope stock. The stock was sold at an average price of $12.23, for a total transaction of $2,679,287.25.
• On Wednesday, July 8th, Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock. The shares were sold at an average price of $11.70, for a total value of $124,265.70.

Netskope Stock Down 1.0%

Shares of Netskope stock opened at $17.29 on Thursday. The business has a fifty day simple moving average of $14.07 and a 200 day simple moving average of $11.57. The stock has a market cap of $7.06 billion and a PE ratio of -6.78. The company has a quick ratio of 2.00, a current ratio of 2.01 and a debt-to-equity ratio of 4.45. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $27.99.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. The firm had revenue of $220.54 million for the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%.Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. Research analysts predict that Netskope Inc. will post -0.82 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NTSK. Wasatch Advisors LP acquired a new stake in shares of Netskope in the second quarter valued at approximately $25,107,000. Principal Financial Group Inc. boosted its holdings in Netskope by 31.4% during the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock worth $21,628,000 after purchasing an additional 608,355 shares during the last quarter. New York Life Insurance Co. bought a new position in Netskope in the second quarter valued at $11,325,580. Wellington Management Group LLP acquired a new stake in Netskope in the 2nd quarter valued at $2,027,000. Finally, Bank of New York Mellon Corp lifted its position in Netskope by 1,381.8% during the 1st quarter. Bank of New York Mellon Corp now owns 475,918 shares of the company’s stock worth $4,041,000 after buying an additional 443,800 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Rosenblatt Securities lifted their price target on shares of Netskope from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netskope in a report on Wednesday, July 8th. Wells Fargo & Company increased their price target on Netskope from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Mizuho set a $16.00 price objective on Netskope in a report on Wednesday, August 19th. Finally, Stephens assumed coverage on Netskope in a research note on Monday. They set an “overweight” rating and a $21.00 target price for the company. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.12.

About Netskope

Netskope, Inc is a cybersecurity company that provides a cloud-native platform designed to help organizations secure data, users, devices, applications and networks. Its offerings address security needs arising from cloud computing, remote work and the use of software-as-a-service applications.

The company’s platform includes security service edge (SSE) and secure access service edge (SASE) capabilities, such as cloud access security broker (CASB) services, secure web gateways, zero-trust network access, data loss prevention, cloud firewall functionality and security analytics.