Netskope (NASDAQ:NTSK) CEO Sanjay Beri Sells 175,707 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) CEO Sanjay Beri sold 175,707 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $17.33, for a total value of $3,045,002.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, January 2nd, Sanjay Beri sold 346,061 shares of Netskope stock. The shares were sold at an average price of $16.91, for a total transaction of $5,851,891.51.
• 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 Price Performance

Shares of NASDAQ:NTSK opened at $17.15 on Tuesday. Netskope Inc. has a one year low of $16.57 and a one year 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 market cap of $6.74 billion and a P/E ratio of -171.50. The company has a 50 day moving average of $19.91.

Netskope (NASDAQ:NTSK) last posted its earnings results on Thursday, December 11th. The company reported ($0.10) earnings per share 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 the consensus estimate of $175.81 million. The firm’s revenue was up 33.0% compared to the same quarter last year.

Netskope News Roundup

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

Institutional Trading of Netskope

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new position in Netskope during the 3rd quarter worth approximately $3,928,000. Hudson Bay Capital Management LP acquired a new stake in shares of Netskope during the third quarter worth $5,891,000. Polar Asset Management Partners Inc. bought a new position in Netskope during the third quarter worth $2,814,000. BlueCrest Capital Management Ltd acquired a new position in Netskope in the third quarter valued at $5,035,000. Finally, Maven Securities LTD bought a new stake in Netskope during the third quarter valued at $227,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NTSK shares. JPMorgan Chase & Co. began coverage on Netskope in a research report on Monday, October 13th. They issued an “overweight” rating and a $26.00 target price for the company. TD Cowen initiated coverage on shares of Netskope in a report on Monday, October 13th. They issued a “buy” rating and a $30.00 price objective for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $26.00 target price on shares of Netskope in a research report on Friday, December 12th. Cowen assumed coverage on shares of Netskope in a research report on Monday, October 13th. They issued a “buy” rating for the company. Finally, BTIG Research initiated coverage on shares of Netskope in a report on Monday, October 13th. They set a “buy” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have given 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, Netskope has an average rating of “Moderate Buy” and a consensus price target of $26.94.

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.