Netskope (NASDAQ:NTSK) CRO Raphael Bousquet Sells 3,192 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) CRO Raphael Bousquet sold 3,192 shares of Netskope stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $16.38, for a total value of $52,284.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Raphael Bousquet also recently made the following trade(s):

• On Monday, January 12th, Raphael Bousquet sold 3,823 shares of Netskope stock. The shares were sold at an average price of $16.66, for a total value of $63,691.18.
• On Thursday, January 8th, Raphael Bousquet sold 3,224 shares of Netskope stock. The stock was sold at an average price of $16.97, for a total transaction of $54,711.28.

Netskope Stock Down 0.4%

NTSK stock opened at $16.56 on Tuesday. Netskope Inc. has a twelve month low of $15.99 and a twelve month high of $27.99. The company has a market capitalization of $6.51 billion and a PE ratio of -165.60. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32. The company’s fifty day moving average price is $19.26.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Thursday, December 11th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.15. The firm had revenue of $184.17 million for the quarter, compared to the consensus estimate of $175.81 million. The company’s revenue for the quarter was up 33.0% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Independent Research set a $27.00 price target on Netskope in a research note on Monday, October 13th. Morgan Stanley began coverage on Netskope in a research report on Monday, October 13th. They set an “overweight” rating and a $27.00 target price for the company. BTIG Research initiated coverage on shares of Netskope in a report on Monday, October 13th. They issued a “buy” rating and a $27.00 price target on the stock. Wells Fargo & Company started coverage on shares of Netskope in a research note on Monday, October 13th. They issued an “overweight” rating and a $28.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Netskope in a research report on Monday, December 29th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.71.

Institutional Trading of Netskope

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

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.