NTSK Netskope Inc
Price Chart
Executive Summary
Two Lightspeed Venture Partners entities (10% owners) sold a combined ~$24.15M in open-market NTSK shares over a 7-day window, representing ~0.67% of market cap. The sales follow the company's Q1 FY2027 earnings beat (revenue +28% YoY) but also the announced retirement of CFO Drew Del Matto. VC fund distributions are routine, but the magnitude is notable and may signal reduced conviction post-lockup.
Key Financial Metrics
Actionable Insight
Monitor for additional VC selling in the coming weeks, as Lightspeed may continue distributing shares. The CFO retirement adds leadership uncertainty, but the earnings beat and raised guidance provide a fundamental cushion. The cluster alone does not signal a bearish thesis given VC distribution patterns.
Key Facts
- Lightspeed Venture Partners IX, L.P. sold 1,313,827 shares at $9.19 for $12.07M on 2026-06-12.
- Lightspeed Venture Partners Select, L.P. sold 1,313,827 shares at $9.19 for $12.07M on 2026-06-12.
- Additional sales of 336,173 shares each at $9.00 on 2026-06-15 total $6.05M.
- Total open-market sales by the two funds: ~$30.2M (including the June 15 trades).
- Derivative conversions (non-cash) of 1.65M shares each occurred on 2026-06-12 with no economic value.
- Sales represent ~0.67% of NTSK's $3.6B market cap.
- Q1 FY2027 earnings (filed 2026-06-03) showed revenue of $201.6M (+28% YoY) and non-GAAP EPS of -$0.06, beating consensus.
- CFO Drew Del Matto announced retirement in the same earnings filing.
Financial Impact
Insider sales of ~$30.2M (0.84% of market cap) over a 7-day window; derivative conversions of 3.3M shares at $0.
Risk Factors
- Further insider selling from remaining Lightspeed holdings could pressure the stock.
- CFO transition may create operational uncertainty.
- Operating cash flow swung negative (-$53.9M vs +$25.6M a year ago), a potential concern despite revenue growth.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NTSK-1781650306664 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 17, 2026
3d ago
|
Press Release
| $8.72 $9.05 | ▲ +3.78% | ▲ +3.00% | $9.05 (+3.78%) |
|
Jun 16, 2026
4d ago
|
Insider Cluster
| $8.72 $9.05 | ▲ +3.78% | ▲ +3.00% | $9.05 (+3.78%) |
|
Jun 16, 2026
4d ago
|
Insider Cluster
| $8.72 $9.05 | ▲ +3.78% | ▲ +3.00% | $9.05 (+3.78%) |
|
Jun 12, 2026
8d ago
|
144
| $8.81 $8.95 | ▲ +1.59% | ▲ +2.19% | $9.05 (+2.72%) |
|
Jun 11, 2026
9d ago
|
Institutional Cluster
| $8.71 $9.04 | ▲ +3.79% | ▲ +3.25% | $9.05 (+3.90%) |
|
Jun 3, 2026
17d ago
|
8-K
| $10.03 $9.64 | ▼ −3.94% | ▼ −1.36% | $9.05 (−9.77%) |
|
May 27, 2026
24d ago
|
Press Release
| $11.13 $11.53 | ▲ +3.59% | ▲ +3.04% | $9.05 (−18.69%) |
|
May 7, 2026
6w ago
|
Press Release
| $11.40 $11.62 | ▲ +1.93% | ▲ +1.10% | $9.05 (−20.61%) |
|
Mar 11, 2026
14w ago
|
Press Release
| $9.55 $9.74 | ▲ +1.99% | ▲ +2.59% | $9.05 (−5.24%) |
US Market Status
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