Netskope (NASDAQ:NTSK) CRO Raphael Bousquet Sells 3,823 Shares

Netskope Inc. (NASDAQ:NTSK) CRO Raphael Bousquet sold 3,823 shares of Netskope stock in a transaction on Monday, January 12th. The shares were sold at an average price of $16.66, for a total transaction of $63,691.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Raphael Bousquet also recently made the following trade(s):

• On Friday, January 9th, Raphael Bousquet sold 3,192 shares of Netskope stock. The shares were sold at an average price of $16.38, for a total transaction of $52,284.96.
• On Thursday, January 8th, Raphael Bousquet sold 3,224 shares of Netskope stock. The stock was sold at an average price of $16.97, for a total value of $54,711.28.

Netskope Trading Down 0.4%

Shares of NASDAQ:NTSK traded down $0.07 during mid-day trading on Monday, reaching $16.56. The stock had a trading volume of 3,625,217 shares, compared to its average volume of 3,223,706. The business has a 50 day moving average of $19.26. Netskope Inc. has a 1 year low of $15.99 and a 1 year high of $27.99. The firm has a market cap of $6.51 billion and a P/E ratio of -165.60. The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32.

Netskope (NASDAQ:NTSK) last released 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 the consensus estimate of $175.81 million. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis.

Analyst Ratings Changes

A number of analysts have recently weighed in on NTSK shares. UBS Group set a $27.00 target price on shares of Netskope in a report on Monday, October 13th. KeyCorp reduced their price objective on shares of Netskope from $28.00 to $24.00 and set an “overweight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. initiated coverage on Netskope in a research note on Monday, October 13th. They set an “overweight” rating and a $26.00 target price on the stock. Citigroup initiated coverage on Netskope in a report on Monday, October 13th. They set an “outperform” rating for the company. Finally, Cowen started coverage on Netskope in a research report on Monday, October 13th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Netskope presently has an average rating of “Moderate Buy” and an average price target of $26.71.

Hedge Funds Weigh In On Netskope

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

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.