On October 10, 2024, Elizabeth O'Callahan, Executive Vice President, Chief Legal Officer of NetApp Inc (NTAP, Financial), sold 705 shares of the company. The transaction was executed at a price of $126.2 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 11,694 shares of NetApp Inc.
NetApp Inc (NTAP, Financial) specializes in cloud data services and data management in hybrid cloud environments. The company provides solutions that enable customers to manage their data across different environments, including cloud, on-premises, and hybrid setups.
Over the past year, Elizabeth O'Callahan has sold a total of 9,334 shares of NetApp Inc and has not made any purchases of the stock. The insider transaction history for NetApp Inc shows a total of 31 insider sells and no insider buys over the past year.
Shares of NetApp Inc were trading at $126.2 on the day of the transaction, giving the company a market cap of approximately $25.99 billion. The price-earnings ratio of the company stands at 24.79, which is above both the industry median of 22.585 and the historical median for the company.
According to the GF Value, the intrinsic value of NetApp Inc is estimated at $82.80 per share, which suggests that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.52.
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 by a GuruFocus factor which considers past returns and growth, and future business performance estimates 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.
