Netskope (NASDAQ:NTSK) CEO Sanjay Beri Sells 108,553 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) CEO Sanjay Beri sold 108,553 shares of Netskope stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $17.67, for a total transaction of $1,918,131.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sanjay Beri also recently made the following trade(s):

• 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 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 1.5%

NTSK stock opened at $17.15 on Tuesday. The company has a 50 day simple moving average of $19.91. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32. Netskope Inc. has a 12-month low of $16.57 and a 12-month high of $27.99. The company has a market cap of $6.74 billion and a PE ratio of -171.50.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Thursday, December 11th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.15. The business had revenue of $184.17 million during the quarter, compared to analysts’ expectations of $175.81 million. The business’s quarterly revenue was up 33.0% compared to the same quarter last year.

Key Netskope News

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Recent fundamentals: Netskope reported a Dec. quarter beat (EPS and revenue) and ~33% YoY revenue growth in its last quarterly report, which underpins the company’s growth narrative and can be a long-term positive for the stock.
• Neutral Sentiment: Valuation/volatility pieces: Coverage assessing Netskope’s valuation after recent share-price moves is adding attention but not a clear directional catalyst; such pieces can increase trading interest and short-term volatility. Assessing Netskope (NTSK) Valuation After Recent Share Price Volatility
• Negative Sentiment: CEO insider selling: CEO Sanjay Beri has disclosed multiple sales (108,553 on 12/31, 346,061 on 1/2 and 175,707 on 1/5) totaling ~630,321 shares and roughly $10.8M, which investors often view as a negative signal about near-term insider conviction. CEO Form 4
• Negative Sentiment: CFO insider selling and ownership drop: CFO Matto Andrew H. Del sold ~149,210 shares across the same dates (~$2.56M total), reducing his direct ownership to 41,493 shares (a material percentage decline reported in filings), which can raise governance/concern flags for investors. CFO Form 4
• Negative Sentiment: Share-price technical pressure: The stock recently hit a new 52-week low, which can trigger stop-loss selling and cautious positioning by traders and some funds. Netskope Sets New 1-Year Low

Analysts Set New Price Targets

NTSK has been the subject of several research reports. TD Cowen began coverage on shares of Netskope in a report on Monday, October 13th. They set a “buy” rating and a $30.00 price objective for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $23.00 target price on shares of Netskope in a research note on Monday. Piper Sandler reissued an “overweight” rating on shares of Netskope in a report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netskope in a report on Monday, December 29th. Finally, Citizens Jmp started coverage on Netskope in a research report on Monday, October 13th. They set a “mkt outperform” rating and a $27.00 price objective for the company. One 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 issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.94.

Hedge Funds Weigh In On Netskope

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

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.