Netskope (NASDAQ:NTSK) CFO Matto Andrew Del Sells 77,207 Shares

Netskope Inc. (NASDAQ:NTSK) CFO Matto Andrew Del sold 77,207 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $16.92, for a total transaction of $1,306,342.44. Following the completion of the transaction, the chief financial officer directly owned 41,493 shares of the company’s stock, valued at approximately $702,061.56. This represents a 65.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Netskope Stock Performance

Netskope stock opened at $17.15 on Tuesday. Netskope Inc. has a fifty-two week low of $16.57 and a fifty-two 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 has a market cap of $6.74 billion and a PE ratio of -171.50. The firm’s fifty day moving average is $19.91.

Netskope (NASDAQ:NTSK) last announced its earnings results 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 company had revenue of $184.17 million during the quarter, compared to analysts’ expectations of $175.81 million. The company’s revenue was up 33.0% compared to the same quarter last year.

Key Headlines Impacting Netskope

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

Hedge Funds Weigh In On Netskope

Several hedge funds and other institutional investors have recently modified their holdings of the company. ICONIQ Capital LLC purchased a new stake in shares of Netskope during the third quarter worth about $1,506,261,000. Scge Management L.P. bought a new position in Netskope during the 3rd quarter valued at approximately $312,104,000. Vanguard Group Inc. purchased a new stake in Netskope in the 3rd quarter worth approximately $80,006,000. Massachusetts Financial Services Co. MA purchased a new stake in Netskope in the 3rd quarter worth approximately $72,463,000. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Netskope during the third quarter valued at approximately $61,833,000.

Wall Street Analysts Forecast Growth

NTSK has been the subject of several research reports. TD Cowen started coverage on Netskope in a research note on Monday, October 13th. They issued a “buy” rating and a $30.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating on shares of Netskope in a research note on Friday, December 12th. Baird R W raised shares of Netskope to a “strong-buy” rating in a report on Monday, October 27th. Zacks Research raised shares of Netskope to a “hold” rating in a research note on Monday, October 20th. Finally, JMP Securities initiated coverage on Netskope in a research note on Monday, October 13th. They set a “market outperform” rating and a $27.00 price objective 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.94.

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.