Netskope (NASDAQ:NTSK) Major Shareholder Lightspeed Venture Partners Se Sells 10,621 Shares

Netskope Inc. (NASDAQ:NTSKGet Free Report) major shareholder Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more 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 Thursday, July 9th, Lightspeed Venture Partners Se sold 219,075 shares of Netskope stock. The stock was sold at an average price of $12.23, for a total value of $2,679,287.25.
  • On Wednesday, July 8th, Lightspeed Venture Partners Se sold 10,621 shares of Netskope stock. The stock was sold at an average price of $11.70, for a total value of $124,265.70.

Netskope Price Performance

Shares of NASDAQ NTSK opened at $17.00 on Tuesday. The stock has a market cap of $6.95 billion and a P/E ratio of -6.67. Netskope Inc. has a twelve month low of $7.66 and a twelve month high of $27.99. The stock has a 50 day moving average of $13.85 and a two-hundred day moving average of $11.48. The company has a current ratio of 2.01, a quick ratio of 2.00 and a debt-to-equity ratio of 4.45.

Netskope (NASDAQ:NTSKGet Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. The business had revenue of $220.54 million for the quarter. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. On average, research analysts forecast that Netskope Inc. will post -0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NTSK has been the subject of a number of research reports. Mizuho set a $16.00 target price on shares of Netskope in a report on Wednesday, August 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Netskope in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on Netskope in a research note on Monday, August 17th. BTIG Research increased their price objective on Netskope from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, TD Cowen reiterated a “buy” rating and issued a $19.00 target price on shares of Netskope in a research note on Monday, August 17th. Seventeen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Netskope currently has a consensus rating of “Moderate Buy” and an average target price of $19.12.

Get Our Latest Report on NTSK

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC lifted its holdings in Netskope by 15.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,135,851 shares of the company’s stock valued at $55,003,000 after acquiring an additional 415,505 shares during the period. Capital Research Global Investors grew its stake in shares of Netskope by 7.7% during the 4th quarter. Capital Research Global Investors now owns 2,261,418 shares of the company’s stock worth $39,665,000 after purchasing an additional 161,418 shares during the period. BIT Capital GmbH purchased a new position in shares of Netskope in the 4th quarter valued at about $27,683,000. Wasatch Advisors LP purchased a new position in shares of Netskope in the 2nd quarter valued at about $25,107,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Netskope by 31.4% in the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company’s stock valued at $21,628,000 after purchasing an additional 608,355 shares during the period.

About Netskope

(Get Free Report)

Netskope, Inc is a cybersecurity company that provides a cloud-native platform designed to help organizations secure data, users, devices, applications and networks. Its offerings address security needs arising from cloud computing, remote work and the use of software-as-a-service applications.

The company’s platform includes security service edge (SSE) and secure access service edge (SASE) capabilities, such as cloud access security broker (CASB) services, secure web gateways, zero-trust network access, data loss prevention, cloud firewall functionality and security analytics.

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Insider Buying and Selling by Quarter for Netskope (NASDAQ:NTSK)

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