On September 16, 2024, George Kurian, Chief Executive Officer of NetApp Inc (NTAP, Financial), executed a sale of 8,500 shares of the company at a price of $116.84 per share. This transaction was recorded through an SEC Filing. Following this sale, the insider now owns 301,278 shares of NetApp Inc.
NetApp Inc (NTAP, Financial) specializes in cloud data services and data management, providing solutions that enable customers to manage their data across different environments, including cloud, on-premises, and hybrid setups.
Over the past year, George Kurian has sold a total of 67,825 shares of NetApp Inc and has not made any purchases of the stock. The company has seen a total of 31 insider sells and no insider buys during the same period.
Shares of NetApp Inc were trading at $116.84 on the day of the transaction, giving the company a market cap of approximately $24.44 billion. The price-earnings ratio of the company stands at 23.31, which is above the industry median of 20.8 and also higher than the company's historical median.
The stock's GF Value is estimated at $82.57, indicating a price-to-GF-Value ratio of 1.42. This suggests that NetApp Inc is significantly overvalued based on its GF Value.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale could be of interest to investors tracking insider behaviors and evaluating the valuation and stock performance of NetApp Inc.
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.
