Insider Selling: Netskope (NASDAQ:NTSK) CEO Sells $1,918,131.51 in Stock

Netskope Inc. (NASDAQ:NTSK) CEO Sanjay Beri sold 108,553 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $17.67, for a total transaction of $1,918,131.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $17.58, for a total transaction of $555,422.52.
• On Tuesday, January 6th, Sanjay Beri sold 178,482 shares of Netskope stock. The shares were 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 stock was 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.

Netskope Trading Up 1.8%

NASDAQ:NTSK opened at $17.65 on Thursday. The company has a market capitalization of $6.94 billion and a PE ratio of -176.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17. Netskope Inc. has a 1 year low of $16.57 and a 1 year high of $27.99. The firm has a 50 day moving average price of $19.68.

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

Hedge Funds Weigh In On Netskope

Several large investors have recently bought and sold shares of NTSK. Quarry LP bought a new position in Netskope in the third quarter valued at approximately $41,000. Assetmark Inc. acquired a new position in shares of Netskope in the 3rd quarter valued at $83,000. RiverPark Advisors LLC bought a new position in shares of Netskope in the 3rd quarter worth $87,000. SBI Securities Co. Ltd. acquired a new stake in shares of Netskope during the third quarter worth $89,000. Finally, Ameriflex Group Inc. bought a new stake in Netskope in the third quarter valued at about $127,000.

More 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.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. William Blair initiated coverage on shares of Netskope in a research report on Monday, October 13th. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netskope in a research note on Monday, December 29th. Mizuho increased their price target on shares of Netskope from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. began coverage on shares of Netskope in a report on Monday, October 13th. They issued an “overweight” rating and a $26.00 price target for the company. Finally, BTIG Research started coverage on Netskope in a report on Monday, October 13th. They set a “buy” rating and a $27.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Netskope currently has an average rating of “Moderate Buy” and an average 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.