On September 30, 2024, Cesar Cernuda, President of NetApp Inc (NTAP, Financial), executed a sale of 22,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 45,944 shares of NetApp Inc.
NetApp Inc (NTAP, Financial) specializes in hybrid cloud data services and data management. The company provides systems, software, and cloud services that enable customers to manage and store their data both on-premises and in cloud environments.
Over the past year, the insider has sold a total of 66,000 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 32 insider sells and no insider buys over the past year.
Shares of NetApp Inc were priced at $122.16 on the day of the transaction, positioning the company with a market cap of approximately $25.19 billion. The price-earnings ratio of the company stands at 24.03, which is above both the industry median of 22.785 and the historical median for the company.
According to the GF Value, the intrinsic value of NetApp Inc is estimated at $82.71 per share, making the current price represent a price-to-GF-Value ratio of 1.48. This suggests that the stock is significantly overvalued.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and expected future business outcomes.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation relative to its current market price.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
