Tech Investor Director Sells 1.65 Million Shares of Netskope. Is it Time to Sell?
This cloud security provider, known for its unified platform, reported significant insider selling in its latest SEC filing.
Overview
Netskope (NASDAQ:NTSK) director Arif Janmohamed sold 1.65 million Class A shares owned by his Lightspeed Opportunity Fund, L.P., for a total transaction value of approximately $15.1 million, according to the SEC Form 4 filing.
This cloud security provider, known for its unified platform, had Janmohamed as an independent director since 2023.
Details
Transaction value based on the SEC Form 4 weighted-average purchase price ($9.15); after the transaction, Janmohamed Arif held zero Class A shares, so the post-transaction value was $0.00.
Source
Originally published at www.fool.com.
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