Netskope (NASDAQ:NTSK) CEO Sells $3,057,396.66 in Stock

Netskope Inc. (NASDAQ:NTSK) CEO Sanjay Beri sold 178,482 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $17.13, for a total value of $3,057,396.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, January 7th, Sanjay Beri sold 31,594 shares of Netskope stock. The shares were sold at an average price of $17.58, for a total transaction of $555,422.52.
• 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, hitting $17.65. 2,385,875 shares of the stock traded hands, compared to its average volume of 2,729,612. The business’s 50 day moving average is $19.68. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32. Netskope Inc. has a twelve month low of $16.57 and a twelve month high of $27.99.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Netskope from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Cowen assumed coverage on shares of Netskope in a research report on Monday, October 13th. They issued a “buy” rating on the stock. Robert W. Baird assumed coverage on shares of Netskope in a research note on Monday, October 27th. They set an “outperform” rating and a $27.00 target price on the stock. Piper Sandler reiterated an “overweight” rating on shares of Netskope in a research note on Friday, December 12th. Finally, Wall Street Zen raised Netskope to a “hold” rating in a report on Monday, September 29th. One equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.94.

Key Netskope News

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 Inflows and Outflows

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

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.