Insider Selling: Netskope (NASDAQ:NTSK) Director Sells 1,313,827 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) Director Arif Janmohamed sold 1,313,827 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the sale, the director directly owned 336,173 shares of the company’s stock, valued at approximately $3,089,429.87. The trade was a 79.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Arif Janmohamed also recently made the following trade(s):

• On Monday, June 15th, Arif Janmohamed sold 336,173 shares of Netskope stock. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00.

Netskope Stock Performance

Shares of NASDAQ:NTSK traded up $0.14 during mid-day trading on Tuesday, reaching $8.95. 7,859,464 shares of the company traded hands, compared to its average volume of 4,334,507. The company’s 50 day moving average price is $10.35 and its 200-day moving average price is $12.95. The firm has a market cap of $3.62 billion and a PE ratio of -44.75. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. Netskope Inc. has a 52 week low of $7.66 and a 52 week high of $27.99.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, equities analysts expect that Netskope Inc. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Netskope

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. boosted its position in shares of Netskope by 32.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,164 shares of the company’s stock worth $91,000 after acquiring an additional 1,270 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in Netskope during the fourth quarter worth approximately $25,000. Quarry LP acquired a new position in Netskope in the third quarter valued at approximately $41,000. Triumph Capital Management boosted its holdings in Netskope by 380.0% in the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Netskope by 60.5% in the fourth quarter. Assetmark Inc. now owns 5,879 shares of the company’s stock valued at $103,000 after purchasing an additional 2,216 shares during the last quarter.

Analyst Ratings Changes

NTSK has been the subject of several recent analyst reports. BMO Capital Markets dropped their price objective on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. JPMorgan Chase & Co. reduced their price objective on Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. FBN Securities assumed coverage on shares of Netskope in a research report on Wednesday, February 25th. They set an “outperform” rating and a $15.00 price target on the stock. Rosenblatt Securities began coverage on Netskope in a report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Mizuho lowered their target price on Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.16.

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.