Raphael Bousquet Sells 3,224 Shares of Netskope (NASDAQ:NTSK) Stock

Key Points

• Raphael Bousquet, Netskope’s CRO, sold a total of 10,239 shares across three transactions on Jan 8, 9 and 12, generating about $170,687 in proceeds (3,224 at $16.97; 3,192 at $16.38; 3,823 at $16.66).
• Netskope traded at $16.56 midday, below its 50‑day moving average of $19.26 and near its 1‑year low of $15.99; the company has a $6.51 billion market cap and a negative PE of -165.6, indicating it is not yet profitable.
• Netskope beat quarterly estimates (EPS -$0.10 vs -$0.25 estimate; revenue $184.17M vs $175.81M), with revenue up 33% year‑over‑year, and holds an average analyst rating of "Moderate Buy" with an average price target of $26.71.

Netskope Inc. (NASDAQ:NTSK - Get Free Report) CRO Raphael Bousquet sold 3,224 shares of the company's stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $16.97, for a total transaction of $54,711.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, January 12th, Raphael Bousquet sold 3,823 shares of Netskope stock. The shares were sold at an average price of $16.66, for a total value of $63,691.18.
• 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 value of $52,284.96.

Netskope Price Performance

NASDAQ:NTSK traded down $0.07 during midday 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 firm has a market capitalization of $6.51 billion and a PE ratio of -165.60. The business has a fifty day moving average price of $19.26. Netskope Inc. has a 1-year low of $15.99 and a 1-year high of $27.99. The company has a debt-to-equity ratio of 5.17, a current ratio of 2.32 and a quick ratio of 2.32.

Netskope (NASDAQ:NTSK - Get Free Report) 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.

Analysts Set New Price Targets

NTSK has been the topic of several recent research reports. Cowen began coverage on Netskope in a report on Monday, October 13th. They set a "buy" rating on the stock. Wall Street Zen upgraded shares of Netskope to a "hold" rating in a research note on Monday, September 29th. Citigroup assumed coverage on shares of Netskope in a research note on Monday, October 13th. They issued an "outperform" rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $26.00 price objective on shares of Netskope in a report on Friday, December 12th. Finally, Independent Research set a $27.00 target price on shares of Netskope in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Netskope presently has an average rating of "Moderate Buy" and an average price target of $26.71.

Institutional Trading of Netskope

Large investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Netskope in the third quarter valued at approximately $41,000. Assetmark Inc. acquired a new stake in Netskope during the 3rd quarter valued at $83,000. RiverPark Advisors LLC bought a new position in Netskope in the 3rd quarter valued at $87,000. SBI Securities Co. Ltd. acquired a new position in Netskope in the third quarter worth $89,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Netskope during the third quarter worth $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.

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