Key Points
- Raphael Bousquet, Netskope's CRO, sold a total of 10,239 shares across three trades on Jan 8, 9 and 12 for roughly $170,687.
- Netskope beat quarterly expectations with EPS of ($0.10) (vs. -$0.25 est.) and reported revenue of $184.17M, up 33% year‑over‑year.
- The stock opened near $16.56 with a market cap of $6.51B; analysts' consensus is a “Moderate Buy” with a $26.71 price target.
Netskope Inc. (NASDAQ:NTSK - Get Free Report) CRO Raphael Bousquet sold 3,192 shares of the business's stock in a transaction on Friday, January 9th. The stock was sold at an average price of $16.38, for a total value of $52,284.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Raphael Bousquet also recently made the following trade(s):
- On Monday, January 12th, Raphael Bousquet sold 3,823 shares of Netskope stock. The shares were sold at an average price of $16.66, for a total value of $63,691.18.
- On Thursday, January 8th, Raphael Bousquet sold 3,224 shares of Netskope stock. The shares were sold at an average price of $16.97, for a total value of $54,711.28.
Netskope Stock Performance
NTSK stock opened at $16.56 on Tuesday. The stock has a market capitalization of $6.51 billion and a price-to-earnings ratio of -165.60. The firm's 50-day moving average price is $19.26. Netskope Inc. has a one year low of $15.99 and a one year high of $27.99. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 5.17.
Netskope (NASDAQ:NTSK - Get Free Report) last issued its quarterly earnings data on Thursday, December 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $0.15. The firm had revenue of $184.17 million during the quarter, compared to analysts' expectations of $175.81 million. The firm's quarterly revenue was up 33.0% on a year-over-year basis.
Institutional Trading of Netskope
Several large investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Netskope in the third quarter valued at about $41,000. Assetmark Inc. acquired a new stake in shares of Netskope during the third quarter worth about $83,000. RiverPark Advisors LLC purchased a new stake in Netskope in the third quarter valued at approximately $87,000. SBI Securities Co. Ltd. acquired a new position in Netskope in the 3rd quarter worth approximately $89,000. Finally, Ameriflex Group Inc. purchased a new position in Netskope during the 3rd quarter worth approximately $127,000.
Analysts Set New Price Targets
Several analysts have recently commented on NTSK shares. Cowen started coverage on Netskope in a report on Monday, October 13th. They set a "buy" rating for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Netskope in a research note on Monday, December 29th. Wells Fargo & Company began coverage on Netskope in a report on Monday, October 13th. They issued an "overweight" rating and a $28.00 price target for the company. Zacks Research upgraded shares of Netskope to a "hold" rating in a report on Monday, October 20th. Finally, BTIG Research assumed coverage on shares of Netskope in a research report on Monday, October 13th. They issued a "buy" rating and a $27.00 price objective for the company. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.71.
Read Our Latest Report on Netskope
About Netskope
(
Get Free Report)
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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