Netskope (NASDAQ:NTSK) CEO Sanjay Beri Sells 31,594 Shares

Netskope Inc. (NASDAQ:NTSK) CEO Sanjay Beri sold 31,594 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $17.58, for a total transaction of $555,422.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sanjay Beri also recently made the following trade(s):

• On Tuesday, January 6th, Sanjay Beri sold 178,482 shares of Netskope stock. The stock was sold at an average price of $17.13, for a total transaction of $3,057,396.66.
• On Monday, January 5th, Sanjay Beri sold 175,707 shares of Netskope stock. The shares were sold at an average price of $17.33, for a total transaction of $3,045,002.31.
• On Friday, January 2nd, Sanjay Beri sold 346,061 shares of Netskope stock. The stock was sold at an average price of $16.91, for a total transaction of $5,851,891.51.
• On Wednesday, December 31st, Sanjay Beri sold 108,553 shares of Netskope stock. The shares were sold at an average price of $17.67, for a total transaction of $1,918,131.51.

Netskope Stock Up 1.8%

NTSK traded up $0.31 during trading on Wednesday, reaching $17.65. 2,385,875 shares of the stock traded hands, compared to its average volume of 2,729,612. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17. The company has a 50-day simple moving average of $19.68. Netskope Inc. has a 12 month low of $16.57 and a 12 month high of $27.99. The stock has a market capitalization of $6.94 billion and a PE ratio of -176.50.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Thursday, December 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.15. The business had revenue of $184.17 million during the quarter, compared to analyst estimates of $175.81 million. Netskope’s revenue for the quarter was up 33.0% on a year-over-year basis.

Netskope News Summary

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported a December quarter beat (EPS and revenue) with revenue up ~33% year‑over‑year — a fundamental positive that supports the growth story and can help underpin the stock over time.
• Neutral Sentiment: Analyst/institutional backdrop is generally constructive: consensus is a “Moderate Buy” with a street target near $26.94 and multiple buy/outperform ratings and large institutional stakes reported, which can limit downside if fundamentals remain intact.
• Negative Sentiment: CEO Sanjay Beri has sold large blocks of shares across multiple days (recent filings show sales totaling hundreds of thousands of shares over early January), which markets often interpret as a negative signal for insider conviction. Read More.
• Negative Sentiment: CFO Matto Andrew H. Del has also sold substantial shares across recent filings and his reported direct ownership has materially declined (to ~41,493 shares), which can raise governance or confidence concerns among investors. Read More.
• Negative Sentiment: Technical/market pressure: the stock recently hit a new 52‑week low, increasing the risk of stop‑loss selling and short‑term volatility. Read More.

Institutional Investors Weigh In On Netskope

Several institutional investors have recently bought and sold shares of the stock. ICONIQ Capital LLC purchased a new stake in Netskope in the 3rd quarter valued at $1,506,261,000. Scge Management L.P. purchased a new position in Netskope during the 3rd quarter worth $312,104,000. Vanguard Group Inc. bought a new stake in shares of Netskope in the 3rd quarter worth $80,006,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Netskope in the third quarter valued at about $72,463,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Netskope in the third quarter valued at about $61,833,000.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Netskope in a research report on Monday, October 13th. They set an “overweight” rating and a $26.00 price objective for the company. Citigroup began coverage on shares of Netskope in a research note on Monday, October 13th. They set an “outperform” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $23.00 price target on shares of Netskope in a research note on Monday. TD Cowen initiated coverage on shares of Netskope in a research report on Monday, October 13th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Robert W. Baird initiated coverage on Netskope in a research note on Monday, October 27th. They issued an “outperform” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Netskope presently has an average rating of “Moderate Buy” and a consensus price target of $26.94.

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.