Netskope (NASDAQ:NTSK) CFO Sells $855,855.00 in Stock

Netskope Inc. (NASDAQ:NTSK) CFO Matto Andrew Del sold 49,875 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $17.16, for a total value of $855,855.00. Following the completion of the sale, the chief financial officer owned 41,493 shares in the company, valued at $712,019.88. This trade represents a 54.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Netskope Stock Performance

Shares of NASDAQ NTSK opened at $16.63 on Friday. Netskope Inc. has a 52-week low of $15.99 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 firm’s fifty day moving average is $19.41. The company has a market capitalization of $6.54 billion and a PE ratio of -166.30.

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 analysts’ consensus estimates of ($0.25) by $0.15. The firm had revenue of $184.17 million for the quarter, compared to analyst estimates of $175.81 million. The company’s quarterly revenue was up 33.0% on a year-over-year basis.

Institutional Investors Weigh In On Netskope

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NTSK shares. Citizens Jmp began coverage on Netskope in a research report on Monday, October 13th. They set a “mkt outperform” rating and a $27.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating on shares of Netskope in a research note on Friday, December 12th. William Blair started coverage on shares of Netskope in a research note on Monday, October 13th. They set an “outperform” rating for the company. KeyCorp increased their price objective on shares of Netskope from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $26.00 target price on shares of Netskope in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.