Netskope (NASDAQ:NTSK) CEO Sanjay Beri Sells 346,061 Shares

Netskope Inc. (NASDAQ:NTSK) CEO Sanjay Beri sold 346,061 shares of Netskope stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $16.91, for a total value of $5,851,891.51. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $17.33, for a total transaction of $3,045,002.31.
• 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 value of $1,918,131.51.

Netskope Stock Performance

NASDAQ:NTSK opened at $17.15 on Tuesday. Netskope Inc. has a 52-week low of $16.57 and a 52-week 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 stock’s 50-day moving average price is $19.91. The company has a market capitalization of $6.74 billion and a P/E ratio of -171.50.

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

Institutional Investors Weigh In On Netskope

Large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in Netskope during the third quarter worth $41,000. Assetmark Inc. bought a new position in shares of Netskope in the third quarter valued at about $83,000. RiverPark Advisors LLC acquired a new stake in shares of Netskope during the 3rd quarter worth about $87,000. SBI Securities Co. Ltd. bought a new stake in shares of Netskope during the 3rd quarter worth about $89,000. Finally, Ameriflex Group Inc. acquired a new position in Netskope in the 3rd quarter valued at about $127,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NTSK shares. Baird R W upgraded Netskope to a “strong-buy” rating in a report on Monday, October 27th. JMP Securities began coverage on Netskope in a research note on Monday, October 13th. They issued a “market outperform” rating and a $27.00 price target for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of Netskope in a research note on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Netskope in a report on Monday, December 29th. Finally, KeyCorp boosted their target price on shares of Netskope from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.94.

More 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

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.