Netskope (NASDAQ:NTSK) Reaches New 1-Year Low - Time to Sell?

Key Points

• Netskope's stock reached a new 52-week low at $21.02 during mid-day trading on Friday, with a closing price of $21.05.
• Analysts at Wall Street Zen upgraded Netskope to a "hold" rating on September 29th, signaling potential investor confidence.
• Director William J.G. Griffith purchased 2,000,000 shares at $19.00 each, increasing his stake in the company by 21.65% during a recent insider transaction.

Netskope Inc. (NASDAQ:NTSK - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $21.02 and last traded at $21.05, with a volume of 630677 shares traded. The stock had previously closed at $21.96.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Netskope to a "hold" rating in a report on Monday, September 29th.

Netskope Trading Down 1.1%

Insider Transactions at Netskope

In other Netskope news, Director William J.G. Griffith purchased 2,000,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average cost of $19.00 per share, with a total value of $38,000,000.00. Following the transaction, the director directly owned 11,238,175 shares in the company, valued at approximately $213,525,325. The trade was a 21.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Netskope Company Profile

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.

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