Netskope Inc. (NASDAQ:NTSK – Get Free Report) major shareholder Lightspeed Venture Partners Se sold 1,313,827 shares of the 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 completion of the sale, the insider directly owned 336,173 shares of the company’s stock, valued at $3,089,429.87. The trade was a 79.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 stock was sold at an average price of $9.00, for a total value of $3,025,557.00.
Netskope Stock Up 1.6%
NASDAQ NTSK traded up $0.14 on Tuesday, reaching $8.95. The company had a trading volume of 7,859,464 shares, compared to its average volume of 4,334,507. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99. The firm has a 50-day moving average of $10.35 and a 200-day moving average of $12.95. The firm has a market capitalization of $3.62 billion and a PE ratio of -44.75.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Royal Bank Of Canada set a $18.00 target price on shares of Netskope in a research note on Thursday, June 4th. Mizuho decreased their price target on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. KeyCorp increased their price objective on shares of Netskope from $13.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Robert W. Baird cut their target price on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Finally, FBN Securities initiated coverage on Netskope in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $15.00 target price for the company. One 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.16.
Check Out Our Latest Research Report on NTSK
Hedge Funds Weigh In On Netskope
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its position in Netskope by 36.7% in the 1st quarter. Bank of America Corp DE now owns 139,103 shares of the company’s stock valued at $1,181,000 after acquiring an additional 37,375 shares during the period. Janus Henderson Group PLC acquired a new position in Netskope during the 1st quarter worth $281,000. California State Teachers Retirement System acquired a new position in Netskope during the 1st quarter worth $506,000. SummitTX Capital L.P. bought a new position in shares of Netskope in the first quarter worth $88,000. Finally, Weiss Asset Management LP acquired a new position in shares of Netskope during the first quarter valued at $8,957,000.
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.
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