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 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 can be accessed through this hyperlink. Large shareholders that own 10% or more 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 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 value 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 Trading Up 15.6%

NTSK traded up $2.30 during trading on Monday, reaching $17.00. 13,682,043 shares of the company’s stock were exchanged, compared to its average volume of 4,892,998. Netskope Inc. has a one year low of $7.66 and a one year high of $27.99. The firm has a fifty day moving average price of $13.85 and a two-hundred day moving average price of $11.48. The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 4.45.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Royal Bank Of Canada increased their price target on Netskope from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Rosenblatt Securities increased their target price on shares of Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Oppenheimer increased their price objective on shares of Netskope from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. Seventeen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.12.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NTSK. Engineers Gate Manager LP grew its holdings in shares of Netskope by 6.0% during the 2nd quarter. Engineers Gate Manager LP now owns 91,521 shares of the company’s stock valued at $1,001,000 after purchasing an additional 5,166 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Netskope by 351.2% during the second quarter. Squarepoint Ops LLC now owns 65,965 shares of the company’s stock valued at $722,000 after acquiring an additional 51,344 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Netskope by 102.0% during the second quarter. Arizona State Retirement System now owns 33,496 shares of the company’s stock worth $366,000 after purchasing an additional 16,917 shares during the period. California State Teachers Retirement System grew its stake in shares of Netskope by 2,367.7% in the second quarter. California State Teachers Retirement System now owns 1,471,507 shares of the company’s stock worth $16,098,000 after purchasing an additional 1,411,876 shares during the last quarter. Finally, Operose Advisors LLC purchased a new position in Netskope during the 2nd quarter valued at about $56,000.

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.