What NetApp Inc. (NTAP) Insiders Are Up To


NetApp Inc. (NASDAQ:NTAP) traded with a subtraction of -$0.38 to close at $59.71 on Friday, a downside of -0.63 percent. An average of 836,615 shares of common stock have been traded in the last five days. There was a gain of $0.79 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,832,894 shares traded, while the 50-day average volume stands at 1,691,901.

NTAP stock has decreased by -16.30% in the last month. The company shares reached their 1-month lowest point of $58.08 on 12/28/22. With the stock rallying to its 52-week high on 01/14/22, shares of the company touched a low of $58.08 and a high of $96.82 in 52 weeks. It has reached a new high 4 times so far this year and lost -34.68% or -$32.23 in price. In spite of this, the price is down -38.33% from the 52-week high.

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Insider Transactions

NTAP stock investors should be aware that NetApp Inc. (NTAP) stock had its last reported insider trading activity 15 days ago on Dec 15. In this transaction, the insider spent $1,128,371. Director, Palin Carrie, disposed of 2,707 shares at a price of $64.30 on Dec 05. The insider now owns more than $174,063 worth of shares. Prior to that, Chief Executive Officer Kurian George went on to Sale 4,500 shares at $65.29 each on Dec 05. An amount of $293,805 was transacted.

Valuation Metrics

NetApp Inc. (NTAP) has a trailing price-to-earnings (P/E) ratio of 9.11. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.98, the price-to-book (PB) ratio at 10.85, and the price-to-cash flow ratio at 28.44.

The company has a payout ratio of 29.80%. The company’s most recent quarterly dividend payment was $0.50 a share, without any change from last year. Its latest increase dividend $0.02 reported on Wednesday June 2 2021.

Financial Health

The quick ratio of NetApp Inc. for the three months ended October 30 was 1.30, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.99 and a total debt to equity ratio of 1.99 for the quarter ending October 30. Its gross profit as reported stood at $4.22 billion compared to revenue of $6.32 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NetApp Inc.’s return on assets was 15.20%.

Earnings Surprise

For the three-month period that ended October 30, NetApp Inc. had $2.39 billion in total debt. The analyst consensus anticipated NetApp Inc.’s latest quarter earnings to come in at $1.33 per share, but it turned out to be $1.48, a 11.30% surprise. For the quarter, EBITDA amounted to $341.0 million. Shareholders own equity worth $215.57 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at NetApp Inc. (NTAP) price momentum. RSI 9-day as of the close on 29 December was 37.87%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.61%.

As of today, NTAP’s price is $59.22 +1.34% or $0.79 from its 5-day moving average. NTAP is currently trading -12.21% lower than its 20-day SMA and -15.95% lower than its 100-day SMA. However, the stock’s current price level is -4.06% below the SMA50 and -29.58% below the SMA200.

The stochastic %K and %D were 14.18% and 10.83%, respectively, and the average true range (ATR) was 1.59. With the 14-day stochastic at 18.86% and the average true range at 1.72, the RSI (14) stands at 36.67%. The stock has reached 0.03 on the 9-day MACD Oscillator while the 14-day reading was at -1.38.

Analyst Ratings

JP Morgan downgraded NetApp Inc. (NASDAQ: NTAP) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for NetApp Inc. (NTAP) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NTAP, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 8 others rate it as a “buy”.

What is NTAP’s price target for the next 12 months?

Analysts predict a range of price targets between $58.00 and $110.00, with a median target of $75.00. Taking a look at these predictions, the average price target given by analysts for NetApp Inc. (NTAP) stock is $77.14.


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