Netskope Inc. (NASDAQ:NTSK – Get Free Report) Director Arif Janmohamed sold 336,173 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Arif Janmohamed also recently made the following trade(s):
- On Friday, June 12th, Arif Janmohamed sold 1,313,827 shares of Netskope stock. The shares were sold at an average price of $9.19, for a total value of $12,074,070.13.
Netskope Price Performance
NTSK opened at $8.72 on Thursday. The stock has a fifty day moving average of $10.34 and a 200-day moving average of $12.83. The firm has a market capitalization of $3.52 billion and a P/E ratio of -43.60. Netskope Inc. has a 12-month low of $7.66 and a 12-month high of $27.99. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06.
Institutional Investors Weigh In On Netskope
Several hedge funds have recently made changes to their positions in NTSK. Farther Finance Advisors LLC bought a new position in shares of Netskope in the fourth quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Netskope in the third quarter valued at approximately $41,000. Triumph Capital Management boosted its position in shares of Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after purchasing an additional 1,900 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after purchasing an additional 2,617 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Netskope in the 4th quarter worth $64,000.
Analyst Ratings Changes
NTSK has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on shares of Netskope from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Wells Fargo & Company dropped 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. FBN Securities initiated coverage on shares of Netskope in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $15.00 price target on the stock. KeyCorp upped their price target 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. Finally, Oppenheimer lowered their target price on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Netskope has an average rating of “Moderate Buy” and a consensus target price of $17.16.
View Our Latest Stock Analysis on NTSK
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.
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