Netskope (NASDAQ:NTSK) Major Shareholder Lightspeed Venture Partners Se Sells 1,313,827 Shares

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the sale, the insider owned 336,173 shares in the company, valued at $3,089,429.87. The trade was a 79.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Lightspeed Venture Partners Se also recently made the following trade(s):

• On Monday, June 15th, Lightspeed Venture Partners Se sold 336,173 shares of Netskope stock. The shares were sold at an average price of $9.00, for a total transaction of $3,025,557.00.

Netskope Price Performance

Shares of NASDAQ:NTSK traded up $0.14 during trading on Tuesday, hitting $8.95. 7,859,464 shares of the stock were exchanged, compared to its average volume of 4,334,507. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06. The company has a market cap of $3.62 billion and a PE ratio of -44.75. The company has a fifty day moving average price of $10.35 and a two-hundred day moving average price of $12.95. Netskope Inc. has a 12-month low of $7.66 and a 12-month high of $27.99.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, analysts forecast that Netskope Inc. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NTSK. Royal Bank Of Canada set a $18.00 price target on Netskope in a report on Thursday, June 4th. Citizens Jmp dropped their price objective on Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. Robert W. Baird decreased their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Wells Fargo & Company decreased their price target on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Finally, TD Cowen decreased their price target on shares of Netskope from $25.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.16.

Institutional Investors Weigh In On Netskope

A number of institutional investors have recently bought and sold shares of the stock. ICONIQ Capital LLC purchased a new position in Netskope during the third quarter worth approximately $1,506,261,000. Scge Management L.P. acquired a new stake in shares of Netskope during the 3rd quarter worth $312,104,000. Vanguard Group Inc. acquired a new stake in shares of Netskope during the 3rd quarter worth $80,006,000. Public Sector Pension Investment Board acquired a new stake in shares of Netskope during the 4th quarter worth $60,882,000. Finally, Bamco Inc. NY acquired a new stake in shares of Netskope during the 3rd quarter worth $52,888,000.

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.