On September 10, 2024, Elizabeth O'Callahan, Executive Vice President and Chief Legal Officer of NetApp Inc (NTAP, Financial), sold 704 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 12,399 shares of NetApp Inc.
NetApp Inc (NTAP, Financial) specializes in cloud data services and data management in hybrid cloud environments. 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, Elizabeth O'Callahan has sold a total of 9,500 shares of NetApp Inc and has not made any purchases of the stock. This recent sale is part of a broader trend seen within the company, where there have been 30 insider sells and no insider buys over the past year.
On the day of the sale, shares of NetApp Inc were priced at $114.69. This valuation brings the market cap of the company to approximately $23.84 billion. The price-earnings ratio of the company stands at 22.75, which is above both the industry median of 20.725 and the historical median for the company.
According to the GF Value, an intrinsic value estimate used by GuruFocus, NetApp Inc is currently significantly overvalued. The GF Value of $82.51, when compared to the current price, results in a price-to-GF-Value ratio of 1.39.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale by a high-ranking insider at NetApp Inc might attract investor attention due to the significant valuation metrics and the ongoing trends of insider transactions within the company.
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.
