Netapp Inc (NASDAQ: NTAP) is 16.24% higher on its value in year-to-date trading and has touched a low of $61.54 and a high of $112.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NTAP stock was last observed hovering at around $101.33 in the last trading session, with the day’s gains setting it 1.15%.
Currently trading at $102.48, the stock is 0.03% and 2.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 1.13% at the moment leaves the stock 19.82% off its SMA200. NTAP registered 61.54% gain for a year compared to 6-month gain of 43.47%.
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The stock witnessed a -2.37% loss in the last 1 month and extending the period to 3 months gives it a 15.81%, and is 4.67% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.96% over the week and 2.03% over the month.
Netapp Inc (NTAP) has around 12000 employees, a market worth around $21.15B and $6.17B in sales. Current P/E ratio is 23.26 and Fwd P/E is 15.26. Profit margin for the company is 15.23%. Distance from 52-week low is 66.53% and -8.89% from its 52-week high. The company has generated returns on investments over the last 12 months (29.28%).
Netapp Inc quarterly earnings per share for the current quarter are estimated at $1.78 with sales reaching $1.65B over the same period.The EPS is expected to grow by 15.66% this year, but quarterly earnings will post -1.70% year-over-year. Quarterly sales are estimated to grow 4.50% in year-over-year returns.
Netapp Inc (NTAP) Top Institutional Holders
The shares outstanding are 212.00M, and float is at 205.70M with Short Float at 2.39%.
Netapp Inc (NTAP) Insider Activity
The most recent transaction is an insider sale by Kurian George,the company’sCEO. SEC filings show that Kurian George sold 8,500 shares of the company’s common stock on Apr 15 ’24 at a price of $103.16 per share for a total of $0.88 million. Following the sale, the insider now owns 0.25 million shares.
Netapp Inc disclosed in a document filed with the SEC on Apr 10 ’24 that O’Callahan Elizabeth M (EVP, Chief Legal Officer) sold a total of 871 shares of the company’s common stock. The trade occurred on Apr 10 ’24 and was made at $103.02 per share for $89730.0. Following the transaction, the insider now directly holds 9601.0 shares of the NTAP stock.
Still, SEC filings show that on Apr 01 ’24, CERNUDA CESAR (President) disposed off 22,000 shares at an average price of $105.03 for $2.31 million. The insider now directly holds 43,072 shares of Netapp Inc (NTAP).
