Netskope (NASDAQ:NTSK) CEO Sells $5,851,891.51 in Stock

Netskope Inc. (NASDAQ:NTSK) CEO Sanjay Beri sold 346,061 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $16.91, for a total transaction of $5,851,891.51. The transaction was disclosed in a document filed with the SEC, 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 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 Wednesday, December 31st, Sanjay Beri sold 108,553 shares of Netskope stock. The stock was sold at an average price of $17.67, for a total transaction of $1,918,131.51.

Netskope Stock Performance

Shares of Netskope stock opened at $17.65 on Thursday. The company’s fifty day simple moving average is $19.68. 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 market cap of $6.94 billion and a PE ratio of -176.50. Netskope Inc. has a 52 week low of $16.57 and a 52 week high of $27.99.

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

Wall Street Analysts Forecast Growth

NTSK has been the subject of a number of analyst reports. Piper Sandler restated an “overweight” rating on shares of Netskope in a report on Friday, December 12th. JPMorgan Chase & Co. assumed 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. KeyCorp upped their price objective on shares of Netskope from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Baird R W upgraded Netskope to a “strong-buy” rating in a report on Monday, October 27th. Finally, JMP Securities assumed coverage on Netskope in a research note on Monday, October 13th. They issued a “market outperform” rating and a $27.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.94.

Key Stories Impacting Netskope

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

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.