Netskope Inc. (NASDAQ:NTSK – Get 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.
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.
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
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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