Netskope (NASDAQ:NTSK) Major Shareholder Lightspeed Venture Partners Se Sells 1,313,827 Shares

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.19, for a total value of $12,074,070.13. Following the completion of the transaction, the insider owned 336,173 shares of the company’s stock, valued at $3,089,429.87. The trade was a 79.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Lightspeed Venture Partners Se also recently made the following trade(s):

• On Monday, June 15th, Lightspeed Venture Partners Se sold 336,173 shares of Netskope stock. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00.

Netskope Trading Up 1.6%

Shares of Netskope stock opened at $8.95 on Wednesday. The firm has a market capitalization of $3.62 billion and a price-to-earnings ratio of -44.75. Netskope Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $27.99. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. The stock has a 50 day moving average of $10.35 and a 200 day moving average of $12.89.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. The firm’s revenue for the quarter 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. As a group, research analysts predict that Netskope Inc. will post -0.71 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Rosenblatt Securities assumed coverage on Netskope in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 price target on the stock. FBN Securities assumed coverage on Netskope in a research note on Wednesday, February 25th. They set an “outperform” rating and a $15.00 price target on the stock. Wells Fargo & Company decreased their price target on Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. BTIG Research decreased their price target on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. decreased their price target on Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Netskope has a consensus rating of “Moderate Buy” and a consensus price target of $17.16.

Institutional Trading of Netskope

Hedge funds have recently modified their holdings of the stock. Insight Holdings Group LLC purchased a new position in Netskope in the third quarter valued at $3,978,000. Tudor Investment Corp ET AL purchased a new position in Netskope in the third quarter valued at $3,928,000. TD Asset Management Inc purchased a new position in Netskope in the third quarter valued at $5,005,000. Swedbank AB purchased a new position in Netskope in the fourth quarter valued at $1,801,000. Finally, OFI Invest Asset Management purchased a new position in Netskope in the fourth quarter valued at $15,889,000.

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.