Key Points
- Lightspeed Venture Partners Se sold 10,621 Netskope shares at an average price of $14.90, generating $158,252.90. The major shareholder has also sold additional Netskope shares in recent transactions.
- Netskope shares opened at $17.00, up 15.6%, with a market capitalization of approximately $6.95 billion. The company reported quarterly revenue of $220.54 million and an adjusted loss of $0.03 per share, beating analysts’ expected loss of $0.26.
- Analysts remain broadly positive, with 17 Buy ratings, three Holds and one Sell; the stock carries a “Moderate Buy” consensus rating and a $19.12 average price target.
Netskope Inc. (NASDAQ:NTSK - Get Free Report) major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $14.90, for a total value of $158,252.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions 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 Stock Up 15.6%
Netskope stock opened at $17.00 on Tuesday. Netskope Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $27.99. The firm has a market capitalization of $6.95 billion and a price-to-earnings ratio of -6.67. The stock's fifty day moving average is $13.85 and its two-hundred day moving average is $11.48. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01.
Netskope (NASDAQ:NTSK - Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.23. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%.The business had revenue of $220.54 million during the quarter. Netskope has set its FY 2027 guidance at -0.150--0.150 EPS and its Q3 2027 guidance at -0.040--0.030 EPS. Analysts predict that Netskope Inc. will post -0.82 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
NTSK has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on Netskope from $13.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday, September 3rd. Wells Fargo & Company boosted their price target on Netskope from $13.00 to $17.00 and gave the company an "overweight" rating in a report on Monday, August 17th. Oppenheimer increased their price target on Netskope from $16.00 to $19.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. raised their price objective on Netskope from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. Finally, Robert W. Baird lifted their price objective on Netskope from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $19.12.
View Our Latest Stock Analysis on NTSK
Institutional Investors Weigh In On Netskope
Institutional investors have recently bought and sold shares of the stock. Triumph Capital Management increased its position in Netskope by 2.9% during the second quarter. Triumph Capital Management now owns 70,505 shares of the company's stock worth $771,000 after purchasing an additional 1,977 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Netskope by 57.6% in the 1st quarter. Assetmark Inc. now owns 9,264 shares of the company's stock valued at $79,000 after purchasing an additional 3,385 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Netskope during the 4th quarter valued at $64,000. Rockefeller Capital Management L.P. increased its holdings in shares of Netskope by 199,900.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,000 shares of the company's stock worth $70,000 after buying an additional 3,998 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its holdings in shares of Netskope by 88.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company's stock worth $92,000 after buying an additional 4,000 shares during the last quarter.
Netskope Company Profile
(
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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