Netskope (NASDAQ:NTSK) CFO Sells $1,306,342.44 in Stock

Netskope Inc. (NASDAQ:NTSK) CFO Matto Andrew Del sold 77,207 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $16.92, for a total value of $1,306,342.44. Following the sale, the chief financial officer owned 41,493 shares in the company, valued at approximately $702,061.56. The trade was a 65.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Netskope Stock Performance

NASDAQ NTSK traded up $0.25 during trading hours on Monday, hitting $17.15. The company had a trading volume of 2,713,980 shares, compared to its average volume of 3,980,611. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market capitalization of $6.74 billion and a price-to-earnings ratio of -171.50. Netskope Inc. has a 52 week low of $16.57 and a 52 week high of $27.99. The company’s 50 day moving average is $19.91.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings results on Thursday, December 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.15. The firm had revenue of $184.17 million during the quarter, compared to analysts’ expectations of $175.81 million. Netskope’s revenue for the quarter was up 33.0% compared to the same quarter last year.

Institutional Trading of Netskope

Several hedge funds and other institutional investors have recently bought and sold shares of NTSK. TD Asset Management Inc purchased a new position in shares of Netskope during the third quarter worth approximately $5,005,000. Monashee Investment Management LLC bought a new position in shares of Netskope during the 3rd quarter valued at $6,819,000. Assetmark Inc. bought a new position in shares of Netskope during the 3rd quarter valued at $83,000. CenterBook Partners LP bought a new stake in Netskope in the third quarter worth $449,000. Finally, Readystate Asset Management LP purchased a new stake in Netskope during the third quarter valued at about $341,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NTSK shares. Oppenheimer set a $28.00 price objective on Netskope and gave the stock an “outperform” rating in a research report on Monday, October 13th. Baird R W raised Netskope to a “strong-buy” rating in a report on Monday, October 27th. BTIG Research initiated coverage on shares of Netskope in a research report on Monday, October 13th. They issued a “buy” rating and a $27.00 price objective on the stock. UBS Group set a $27.00 target price on shares of Netskope in a research note on Monday, October 13th. Finally, TD Cowen started coverage on shares of Netskope in a research note on Monday, October 13th. They issued a “buy” rating and a $30.00 price target for the company. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.94.

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.