Netskope (NASDAQ:NTSK) Major Shareholder Lightspeed Venture Partners Se Sells 336,173 Shares

by · The Markets Daily

Netskope Inc. (NASDAQ:NTSK – Get Free Report) major shareholder Lightspeed Venture Partners Se sold 336,173 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $9.00, for a total transaction of $3,025,557.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 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 Friday, June 12th, Lightspeed Venture Partners Se sold 1,313,827 shares of Netskope stock. The shares were sold at an average price of $9.19, for a total transaction of $12,074,070.13.

Netskope Stock Performance

Shares of NTSK stock traded up $0.14 on Tuesday, reaching $8.95. The stock had a trading volume of 7,859,464 shares, compared to its average volume of 4,334,507. The company has a quick ratio of 2.16, a current ratio of 2.17 and a debt-to-equity ratio of 4.06. The firm’s 50-day moving average is $10.35 and its two-hundred day moving average is $12.95. The firm has a market capitalization of $3.62 billion and a price-to-earnings ratio of -44.75. Netskope Inc. has a 12 month low of $7.66 and a 12 month high of $27.99.

Netskope (NASDAQ:NTSK – Get Free Report) last issued its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The company’s revenue 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, research analysts expect that Netskope Inc. will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new position in shares of Netskope during the 4th quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Netskope during the 3rd quarter worth approximately $41,000. Triumph Capital Management grew its position in shares of Netskope by 380.0% during 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 in the last quarter. Wells Fargo & Company MN grew its position in shares of Netskope by 261.7% during 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 in the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Netskope during the 4th quarter worth approximately $64,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NTSK shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Netskope from $22.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Mizuho lowered their price target on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. FBN Securities started coverage on shares of Netskope in a report on Wednesday, February 25th. They issued an “outperform” rating and a $15.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of Netskope from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Finally, Piper Sandler lowered their price target on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Netskope has a consensus rating of “Moderate Buy” and a consensus target price of $17.16.

Get Our Latest Report on NTSK

Netskope Company Profile

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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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