Netskope (NASDAQ:NTSK) CRO Raphael Bousquet Sells 3,224 Shares

Netskope Inc. (NASDAQ:NTSK) CRO Raphael Bousquet sold 3,224 shares of Netskope stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $16.97, for a total value of $54,711.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, January 12th, Raphael Bousquet sold 3,823 shares of Netskope stock. The stock was sold at an average price of $16.66, for a total transaction of $63,691.18.
• On Friday, January 9th, Raphael Bousquet sold 3,192 shares of Netskope stock. The shares were sold at an average price of $16.38, for a total transaction of $52,284.96.

Netskope Trading Down 0.4%

Shares of Netskope stock opened at $16.56 on Tuesday. The firm’s 50 day moving average is $19.26. The company has a market cap of $6.51 billion and a price-to-earnings ratio of -165.60. Netskope Inc. has a 1 year low of $15.99 and a 1 year high of $27.99. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 5.17.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NTSK shares. Oppenheimer set a $28.00 target price on Netskope and gave the stock an “outperform” rating in a report on Monday, October 13th. Citigroup began coverage on shares of Netskope in a report on Monday, October 13th. They issued an “outperform” rating for the company. BMO Capital Markets assumed coverage on shares of Netskope in a report on Monday, October 13th. They set an “outperform” rating and a $26.00 target price on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $26.00 price target on shares of Netskope in a research report on Friday, December 12th. Finally, Baird R W upgraded shares of Netskope to a “strong-buy” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Netskope currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.71.

Institutional Trading of Netskope

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTSK. Chicago Capital LLC acquired a new stake in Netskope during the 3rd quarter worth about $2,056,000. TD Asset Management Inc bought a new stake in shares of Netskope during the 3rd quarter valued at about $5,005,000. Monashee Investment Management LLC acquired a new stake in Netskope during the third quarter worth approximately $6,819,000. Assetmark Inc. bought a new stake in Netskope in the third quarter worth approximately $83,000. Finally, CenterBook Partners LP acquired a new position in Netskope in the third quarter valued at approximately $449,000.

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.