Insider Activity at Netskope Inc. – What the Numbers Really Mean
Recent transactions by Chief Revenue Officer Bousquet Raphael show a pattern of short‑term trading that coincides with the broader volatility in the tech sector. On January 8, Raphael purchased 3,224 shares of Class A stock at the market price of $16.56, immediately following a sale of an equal number of shares the same day. The sale, executed to meet tax obligations related to RSUs, was priced at a weighted average of $16.97. Two days later, he repeated the same buy‑sell cycle at a slightly lower price range (around $16.38). This sequence of trades—buy, sell, buy, sell—suggests a strategy aimed at meeting tax or liquidity requirements rather than a directional bet on the stock’s performance.
Implications for Investors
The timing of Raphael’s trades aligns with a broader wave of insider activity in early January. CFO Andrew Del Mato’s purchases and sales of Class A shares, coupled with the CEO’s sizable block trades, indicate a concentration of capital moves that could signal internal confidence in the company’s medium‑term outlook. However, the negative sentiment score (-45) and the fact that Netskope’s price is 3.44 % below its weekly average and 29.53 % lower than the prior month’s close raise caution. For investors, this means that while insider confidence remains, the stock is currently trading near a 52‑week low and may be vulnerable to short‑term market swings.
Bousquet Raphael – A Profile Built on RSU Management
Raphael’s transaction history shows a consistent pattern of selling large blocks of restricted stock units (RSUs) and Class B shares while simultaneously buying Class A shares. In October 2025 he sold 25,000 RSUs and 31,325 Class B shares, and in January 2026 he repeated the RSU sales in multiple installments. His strategy appears to be driven by tax‑planning and liquidity needs rather than speculation. Historically, he has maintained a steady ownership stake, with his shares post‑transaction hovering around 60,000 to 70,000 Class B shares. This disciplined approach suggests he values the long‑term upside of Netskope while managing personal cash flow.
What This Means for Netskope’s Future
The insider activity demonstrates that senior executives are actively managing their personal holdings, a common practice that does not necessarily reflect a lack of confidence. Nonetheless, the high buzz level (81.71 %) indicates significant market attention, and the stock’s proximity to its 52‑week low could prompt additional selling pressure if the broader IT sector continues to struggle. Analysts have trimmed price targets, reflecting a cautious stance amid the company’s modest earnings growth and competitive pressures. Investors should monitor the upcoming earnings report and any further insider disclosures, as these will clarify whether the current trading patterns are isolated tax moves or indicative of a shifting internal consensus.
Key Takeaways for Stakeholders
- Short‑term trades by Raphael are likely tax‑driven; no clear bullish or bearish signal.
- CFO and CEO activity suggests internal confidence but is tempered by a weak market environment.
- Investor sentiment is negative, but the company’s fundamentals remain stable with a $6.6 billion market cap.
- Watch for the next earnings cycle and any significant share‑repurchase or dilution events that could reshape the outlook.
Overall, while insider transactions reflect routine liquidity management, the broader market context and recent sentiment metrics advise a cautious but not dismissive approach to Netskope’s shares.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-01-08 | Bousquet Raphael (Chief Revenue Offucer) | Buy | 3,224.00 | 0.00 | Class A Common Stock |
| 2026-01-08 | Bousquet Raphael (Chief Revenue Offucer) | Sell | 3,224.00 | 16.97 | Class A Common Stock |
| 2026-01-09 | Bousquet Raphael (Chief Revenue Offucer) | Buy | 3,192.00 | 0.00 | Class A Common Stock |
| 2026-01-09 | Bousquet Raphael (Chief Revenue Offucer) | Sell | 3,192.00 | 16.38 | Class A Common Stock |
| 2026-01-12 | Bousquet Raphael (Chief Revenue Offucer) | Buy | 3,823.00 | 0.00 | Class A Common Stock |
| 2026-01-12 | Bousquet Raphael (Chief Revenue Offucer) | Sell | 3,823.00 | 16.66 | Class A Common Stock |
| 2026-01-08 | Bousquet Raphael (Chief Revenue Offucer) | Sell | 3,201.00 | N/A | Restricted Stock Units |
| 2026-01-08 | Bousquet Raphael (Chief Revenue Offucer) | Sell | 25,000.00 | N/A | Restricted Stock Units |
| 2026-01-08 | Bousquet Raphael (Chief Revenue Offucer) | Sell | 3,125.00 | N/A | Restricted Stock Units |
| 2026-01-08 | Bousquet Raphael (Chief Revenue Offucer) | Sell | 28,125.00 | N/A | Restricted Stock Units |
| 2026-01-08 | Bousquet Raphael (Chief Revenue Offucer) | Buy | 59,451.00 | N/A | Class B Common Stock |
| 2026-01-08 | Bousquet Raphael (Chief Revenue Offucer) | Sell | 3,224.00 | N/A | Class B Common Stock |
| 2026-01-09 | Bousquet Raphael (Chief Revenue Offucer) | Sell | 3,192.00 | N/A | Class B Common Stock |
| 2026-01-12 | Bousquet Raphael (Chief Revenue Offucer) | Sell | 3,823.00 | N/A | Class B Common Stock |




