Netskope (NASDAQ:NTSK) CRO Sells $52,284.96 in Stock

Netskope Inc. (NASDAQ:NTSK) CRO Raphael Bousquet sold 3,192 shares of Netskope stock in a transaction on Friday, January 9th. The stock was sold at an average price of $16.38, for a total transaction of $52,284.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Raphael Bousquet also recently made the following trade(s):

• On Monday, January 12th, Raphael Bousquet sold 3,823 shares of Netskope stock. The stock was sold at an average price of $16.66, for a total value of $63,691.18.
• On Thursday, January 8th, Raphael Bousquet sold 3,224 shares of Netskope stock. The shares were sold at an average price of $16.97, for a total value of $54,711.28.

Netskope Price Performance

Netskope stock traded down $0.07 during midday trading on Monday, reaching $16.56. The company’s stock had a trading volume of 3,625,217 shares, compared to its average volume of 3,223,706. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market capitalization of $6.51 billion and a PE ratio of -165.60. The stock’s 50-day simple moving average is $19.26. Netskope Inc. has a 52-week low of $15.99 and a 52-week high of $27.99.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on NTSK shares. Wells Fargo & Company started coverage on Netskope in a research report on Monday, October 13th. They set an “overweight” rating and a $28.00 price target for the company. BMO Capital Markets began coverage on Netskope in a research note on Monday, October 13th. They issued an “outperform” rating and a $26.00 price objective for the company. BTIG Research began coverage on Netskope in a research report on Monday, October 13th. They issued a “buy” rating and a $27.00 target price on the stock. Piper Sandler reissued an “overweight” rating on shares of Netskope in a research report on Friday, December 12th. Finally, Citizens Jmp assumed coverage on shares of Netskope in a report on Monday, October 13th. They issued a “mkt outperform” rating and a $27.00 price objective on the stock. One investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.71.

Institutional Trading of Netskope

A number of hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Netskope during the third quarter valued at $41,000. Assetmark Inc. acquired a new stake in shares of Netskope during the 3rd quarter valued at about $83,000. RiverPark Advisors LLC purchased a new position in shares of Netskope in the 3rd quarter valued at about $87,000. SBI Securities Co. Ltd. acquired a new position in Netskope in the 3rd quarter worth about $89,000. Finally, Ameriflex Group Inc. purchased a new position in Netskope during the third quarter worth approximately $127,000.

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.