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

Netskope Inc. (NASDAQ:NTSK) Director Arif Janmohamed sold 336,173 shares of the business’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 filing with the SEC, which is available through this hyperlink.

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

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

Netskope Stock Up 1.6%

Shares of NASDAQ:NTSK traded up $0.14 during midday trading on Tuesday, hitting $8.95. 7,859,464 shares of the company’s stock were exchanged, compared to its average volume of 4,334,507. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. The stock has a 50 day moving average price of $10.35 and a 200-day moving average price of $12.95. The company has a market cap of $3.62 billion and a PE ratio of -44.75. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $27.99.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million for the quarter. The firm’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, sell-side analysts anticipate that Netskope Inc. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Netskope

A number of institutional investors have recently added to or reduced their stakes in the company. ICONIQ Capital LLC bought a new stake in Netskope in the 3rd quarter worth about $1,506,261,000. Scge Management L.P. bought a new stake in Netskope in the 3rd quarter worth about $312,104,000. Vanguard Group Inc. grew its position in Netskope by 51.5% in the 4th quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock worth $93,536,000 after purchasing an additional 1,812,857 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Netskope by 11.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock worth $62,469,000 after purchasing an additional 373,529 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Netskope by 14.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock worth $62,383,000 after purchasing an additional 456,321 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NTSK. Oppenheimer decreased their target price on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. BTIG Research decreased their target price on shares of Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Robert W. Baird decreased their target price on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Citizens Jmp decreased their target price on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. Finally, Wells Fargo & Company reduced their price objective on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given 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.