Lightspeed Venture Partners Se Sells 1,313,827 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the sale, the insider directly owned 336,173 shares in the company, valued at $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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.

Netskope Stock Performance

Shares of NASDAQ NTSK opened at $8.72 on Thursday. The company’s fifty day moving average price is $10.34 and its 200 day moving average price is $12.83. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99. The company has a market capitalization of $3.52 billion and a PE ratio of -43.60. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. 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 -0.88 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Rosenblatt Securities assumed coverage on shares of Netskope in a report on Tuesday, April 14th. They set a “buy” rating and a $15.00 price target on the stock. Citizens Jmp lowered their price target on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. William Blair set a $21.00 price objective on shares of Netskope in a research report on Thursday, March 12th. Finally, KeyCorp upped their price objective on shares of Netskope from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given 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 stock has an average rating of “Moderate Buy” and a consensus target price of $17.16.

Hedge Funds Weigh In On Netskope

A number of large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. raised its position in Netskope by 32.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock worth $91,000 after acquiring an additional 1,270 shares during the period. Farther Finance Advisors LLC acquired a new position in Netskope during the fourth quarter worth $25,000. Quarry LP acquired a new position in Netskope during the third quarter worth $41,000. Triumph Capital Management raised its position in Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares during the period. Finally, Assetmark Inc. raised its position in shares of Netskope by 60.5% in the fourth quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock valued at $103,000 after buying an additional 2,216 shares during the last quarter.

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.