Key Points
- Major shareholder Lightspeed Venture Partners sold 1,313,827 Netskope shares on June 12 at an average price of $9.19, totaling about $12.1 million, and reduced its stake by nearly 80%.
- Netskope stock was up 1.6% in Wednesday trading, opening at $8.95, while the company’s shares remain well below both the 50-day and 200-day moving averages.
- The company recently reported better-than-expected quarterly earnings with revenue up 27.8% year over year, but analysts have been trimming price targets even as the consensus rating remains Moderate Buy.
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 on Monday, June 15th. The stock was sold at an average price of $9.00, for a total value of $3,025,557.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $9.19, for a total value of $12,074,070.13.
Netskope Price Performance
Shares of NTSK stock opened at $8.95 on Wednesday. Netskope Inc. has a twelve month low of $7.66 and a twelve month high of $27.99. The stock has a market capitalization of $3.62 billion and a price-to-earnings ratio of -44.75. The stock has a fifty day simple moving average of $10.35 and a two-hundred day simple moving average of $12.89. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06.
Netskope (NASDAQ:NTSK - Get Free Report) last issued its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. Netskope'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, analysts predict that Netskope Inc. will post -0.71 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NTSK. KeyCorp upped their target price on Netskope from $13.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, May 18th. Robert W. Baird lowered their target price on Netskope from $20.00 to $16.00 and set an "outperform" rating for the company in a report on Thursday, June 4th. William Blair set a $21.00 target price on Netskope in a report on Thursday, March 12th. Morgan Stanley lowered their target price on Netskope from $18.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, June 4th. Finally, FBN Securities assumed coverage on Netskope in a research report on Wednesday, February 25th. They issued an "outperform" rating and a $15.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Netskope currently has an average rating of "Moderate Buy" and an average target price of $17.16.
Get Our Latest Analysis on NTSK
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Netskope by 36.7% in the 1st quarter. Bank of America Corp DE now owns 139,103 shares of the company's stock worth $1,181,000 after acquiring an additional 37,375 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Netskope in the 1st quarter worth $281,000. California State Teachers Retirement System bought a new position in shares of Netskope in the 1st quarter worth $506,000. SummitTX Capital L.P. bought a new position in shares of Netskope in the 1st quarter worth $88,000. Finally, Weiss Asset Management LP bought a new position in shares of Netskope in the 1st quarter worth $8,957,000.
Netskope Company Profile
(
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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