Insider Selling: Netskope (NASDAQ:NTSK) CEO Sells 178,482 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) CEO Sanjay Beri sold 178,482 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $17.13, for a total transaction of $3,057,396.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sanjay Beri also recently made the following trade(s):

• On Wednesday, January 7th, Sanjay Beri sold 31,594 shares of Netskope stock. The shares were sold at an average price of $17.58, for a total transaction of $555,422.52.
• 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 value of $3,045,002.31.
• On Friday, January 2nd, Sanjay Beri sold 346,061 shares of Netskope stock. The stock was sold at an average price of $16.91, for a total value of $5,851,891.51.
• On Wednesday, December 31st, Sanjay Beri sold 108,553 shares of Netskope stock. The shares were sold at an average price of $17.67, for a total value of $1,918,131.51.

Netskope Trading Up 1.8%

NASDAQ NTSK traded up $0.31 during trading hours on Wednesday, hitting $17.65. 2,385,875 shares of the company’s stock were exchanged, compared to its average volume of 2,729,612. The firm has a 50-day moving average of $19.68. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32. Netskope Inc. has a 1-year low of $16.57 and a 1-year high of $27.99.

Netskope (NASDAQ:NTSK) last posted its quarterly 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 business had revenue of $184.17 million for the quarter, compared to the consensus estimate of $175.81 million. The business’s revenue for the quarter was up 33.0% on a year-over-year basis.

Institutional Trading of Netskope

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

Analyst Ratings Changes

Several equities research analysts have weighed in on NTSK shares. Robert W. Baird initiated coverage on shares of Netskope in a research note on Monday, October 27th. They issued an “outperform” rating and a $27.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $26.00 target price on shares of Netskope in a research note on Friday, December 12th. JMP Securities began coverage on Netskope in a research note on Monday, October 13th. They set a “market outperform” rating and a $27.00 price target on the stock. TD Cowen started coverage on Netskope in a report on Monday, October 13th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Citigroup started coverage on Netskope in a report on Monday, October 13th. They set an “outperform” rating for the company. One 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.94.

Key Netskope News

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported a December quarter beat (EPS and revenue) with revenue up ~33% year‑over‑year — a fundamental positive that supports the growth story and can help underpin the stock over time.
• Neutral Sentiment: Analyst/institutional backdrop is generally constructive: consensus is a “Moderate Buy” with a street target near $26.94 and multiple buy/outperform ratings and large institutional stakes reported, which can limit downside if fundamentals remain intact.
• Negative Sentiment: CEO Sanjay Beri has sold large blocks of shares across multiple days (recent filings show sales totaling hundreds of thousands of shares over early January), which markets often interpret as a negative signal for insider conviction. Read More.
• Negative Sentiment: CFO Matto Andrew H. Del has also sold substantial shares across recent filings and his reported direct ownership has materially declined (to ~41,493 shares), which can raise governance or confidence concerns among investors. Read More.
• Negative Sentiment: Technical/market pressure: the stock recently hit a new 52‑week low, increasing the risk of stop‑loss selling and short‑term volatility. Read More.

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.