Lightspeed Venture Partners Se Sells 336,173 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 336,173 shares of Netskope stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, June 12th, Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13.

Netskope Price Performance

NTSK stock opened at $8.72 on Thursday. The company has a market capitalization of $3.52 billion and a P/E 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 Inc. has a 52-week low of $7.66 and a 52-week high of $27.99. The business has a 50-day simple moving average of $10.34 and a two-hundred day simple moving average of $12.83.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. Netskope’s quarterly revenue was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Research analysts expect that Netskope Inc. will post -0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Netskope

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in shares of Netskope during the fourth quarter worth about $25,000. Quarry LP purchased a new stake in shares of Netskope during the third quarter worth about $41,000. Triumph Capital Management boosted its holdings in shares of 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 purchasing an additional 1,900 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Netskope by 261.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after purchasing an additional 2,617 shares during the period. Finally, Leonteq Securities AG purchased a new stake in Netskope in the fourth quarter worth about $64,000.

Analysts Set New Price Targets

NTSK has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Netskope from $22.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Piper Sandler dropped their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Rosenblatt Securities assumed coverage on shares of Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price target on the stock. BMO Capital Markets reduced their price objective on Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. decreased their target price on Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.16.

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.