Matto Andrew Del Sells 33,387 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) CFO Matto Andrew Del sold 33,387 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $17.67, for a total value of $589,948.29. Following the transaction, the chief financial officer directly owned 41,493 shares in the company, valued at approximately $733,181.31. This represents a 44.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Netskope Price Performance

Shares of Netskope stock traded up $0.25 during trading on Monday, hitting $17.15. The stock had a trading volume of 2,713,980 shares, compared to its average volume of 3,980,611. Netskope Inc. has a 12 month low of $16.57 and a 12 month high of $27.99. The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32. The company has a fifty day simple moving average of $19.91. The firm has a market capitalization of $6.74 billion and a PE ratio of -171.50.

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, topping the consensus estimate of ($0.25) by $0.15. The firm had revenue of $184.17 million during the quarter, compared to the consensus estimate of $175.81 million. Netskope’s quarterly revenue was up 33.0% compared to the same quarter last year.

Analyst Ratings Changes

Several brokerages have commented on NTSK. Zacks Research raised Netskope to a “hold” rating in a research report on Monday, October 20th. William Blair began coverage on shares of Netskope in a research note on Monday, October 13th. They set an “outperform” rating for the company. Morgan Stanley started coverage on shares of Netskope in a research note on Monday, October 13th. They issued an “overweight” rating and a $27.00 price target on the stock. JMP Securities started coverage on shares of Netskope in a research report on Monday, October 13th. They issued a “market outperform” rating and a $27.00 price objective for the company. Finally, Cowen started coverage on shares of Netskope in a research report on Monday, October 13th. They set a “buy” rating on the stock. One 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 company. Based on data from MarketBeat.com, Netskope currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.94.

Institutional Investors Weigh In On Netskope

Several hedge funds have recently modified their holdings of the business. ICONIQ Capital LLC purchased a new position in Netskope during the third quarter valued at approximately $1,506,261,000. Scge Management L.P. bought a new stake in Netskope during the 3rd quarter valued at $312,104,000. Vanguard Group Inc. purchased a new position in shares of Netskope in the 3rd quarter valued at $80,006,000. Massachusetts Financial Services Co. MA bought a new position in shares of Netskope in the 3rd quarter worth $72,463,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Netskope during the 3rd quarter worth $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.