On November 18, 2024, George Kurian, the CEO of NetApp Inc (NTAP, Financial), sold 8,500 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 288,282 shares of the company.
NetApp Inc (NTAP) is a global cloud-led, data-centric software company that empowers organizations to lead with data in the age of accelerated digital transformation. The company provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation.
Over the past year, George Kurian has sold a total of 76,500 shares and has not purchased any shares. The insider transaction history for NetApp Inc shows that there have been 0 insider buys and 33 insider sells over the same timeframe.
On the day of the recent sale, shares of NetApp Inc were trading at $118 each, giving the stock a market cap of $25.024 billion. The company's price-earnings ratio is 23.87, which is higher than the industry median of 23.22 and higher than the company’s historical median price-earnings ratio.
With a price of $118 and a GF Value of $83.19, NetApp Inc has a price-to-GF-Value ratio of 1.42, indicating that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
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.
