Netskope (NASDAQ:NTSK) Director Sells $3,025,557.00 in Stock

Netskope Inc. (NASDAQ:NTSK) Director Arif Janmohamed sold 336,173 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $9.00, for a total transaction of $3,025,557.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arif Janmohamed also recently made the following trade(s):

• On Friday, June 12th, Arif Janmohamed sold 1,313,827 shares of Netskope stock. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13.

Netskope Price Performance

NTSK stock opened at $9.05 on Friday. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99. The company has a market cap of $3.66 billion and a P/E ratio of -45.25. The firm has a 50-day moving average of $10.33 and a 200 day moving average of $12.76. 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 (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million for the quarter. The company’s 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, sell-side analysts forecast that Netskope Inc. will post -0.88 EPS for the current year.

Institutional Trading of Netskope

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its position 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 buying an additional 1,270 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Netskope during the fourth quarter valued at $25,000. Quarry LP bought a new stake in Netskope in the third quarter worth $41,000. Triumph Capital Management boosted its holdings in Netskope by 380.0% in 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 in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Netskope by 60.5% in the fourth quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock worth $103,000 after acquiring an additional 2,216 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NTSK. Morgan Stanley dropped their price target on Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Rosenblatt Securities assumed coverage on Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. FBN Securities initiated coverage on Netskope in a research report on Wednesday, February 25th. They set an “outperform” rating and a $15.00 price objective for the company. Oppenheimer dropped their target price on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.16.

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.