Matto Andrew Del Sells 38,616 Shares of Netskope (NASDAQ:NTSK) Stock

Netskope Inc. (NASDAQ:NTSK) CFO Matto Andrew Del sold 38,616 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $17.34, for a total value of $669,601.44. Following the sale, the chief financial officer owned 41,493 shares of the company’s stock, valued at approximately $719,488.62. The trade was a 48.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Netskope Stock Up 1.5%

NASDAQ NTSK traded up $0.25 during trading on Monday, hitting $17.15. The company’s stock had a trading volume of 2,713,980 shares, compared to its average volume of 3,980,611. Netskope Inc. has a 52 week low of $16.57 and a 52 week high of $27.99. The firm has a market cap of $6.74 billion and a price-to-earnings ratio of -171.50. The business’s 50 day moving average is $19.91. 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) last posted its quarterly earnings data on Thursday, December 11th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.15. The business had revenue of $184.17 million during the quarter, compared to the consensus estimate of $175.81 million. Netskope’s revenue for the quarter was up 33.0% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Netskope in the 3rd quarter valued at $41,000. Assetmark Inc. acquired a new position in Netskope in the third quarter valued at about $83,000. RiverPark Advisors LLC acquired a new position in Netskope in the third quarter valued at about $87,000. SBI Securities Co. Ltd. bought a new stake in Netskope during the third quarter worth about $89,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Netskope during the third quarter worth approximately $127,000.

Analysts Set New Price Targets

NTSK has been the subject of a number of research reports. Zacks Research upgraded Netskope to a “hold” rating in a research report on Monday, October 20th. TD Cowen assumed coverage on Netskope in a research note on Monday, October 13th. They issued a “buy” rating and a $30.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netskope in a research report on Monday, December 29th. BTIG Research started coverage on shares of Netskope in a report on Monday, October 13th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Wall Street Zen raised shares of Netskope to a “hold” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.94.

About Netskope

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.