Netskope (NASDAQ:NTSK) Major Shareholder Lightspeed Venture Partners Se Sells 336,173 Shares

Netskope Inc. (NASDAQ:NTSK) major shareholder Lightspeed Venture Partners Se sold 336,173 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $9.00, for a total transaction of $3,025,557.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 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 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 transaction of $12,074,070.13.

Netskope Stock Performance

Shares of NASDAQ:NTSK traded up $0.14 on Tuesday, reaching $8.95. 7,859,464 shares of the company’s stock were exchanged, compared to its average volume of 4,334,507. The company has a fifty day moving average of $10.35 and a 200-day moving average of $12.95. Netskope Inc. has a twelve month low of $7.66 and a twelve month high of $27.99. The company has a market capitalization of $3.62 billion and a price-to-earnings ratio of -44.75. 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) last announced its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million for the quarter. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. 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, research analysts predict that Netskope Inc. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Netskope

A number of hedge funds have recently added to or reduced their stakes in NTSK. ICONIQ Capital LLC acquired a new stake in Netskope in the third quarter valued at approximately $1,506,261,000. Scge Management L.P. acquired a new stake in Netskope in the third quarter valued at approximately $312,104,000. Vanguard Group Inc. acquired a new stake in Netskope in the third quarter valued at approximately $80,006,000. Public Sector Pension Investment Board acquired a new stake in Netskope in the fourth quarter valued at approximately $60,882,000. Finally, Bamco Inc. NY acquired a new stake in Netskope in the third quarter valued at approximately $52,888,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NTSK shares. Mizuho reduced their price target on shares of Netskope from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Piper Sandler reduced their price target on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Morgan Stanley reduced their price target on shares of Netskope from $18.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Oppenheimer reduced their price target on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Finally, BMO Capital Markets reduced their price target on shares of Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. One equities 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.16.

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.