Elizabeth O'Callahan, Executive Vice President and Chief Legal Officer of NetApp Inc (NTAP, Financial), sold 503 shares of the company on November 11, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 11,191 shares of NetApp Inc.
NetApp Inc 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 8,966 shares and has not purchased any shares. This recent sale is part of a broader trend within NetApp Inc, where there have been 31 insider sells and no insider buys over the past year.
On the day of the sale, shares of NetApp Inc were trading at $123.63, giving the company a market cap of approximately $24.51 billion. The price-earnings ratio of the company stands at 23.38, which is slightly lower than the industry median of 24.13.
According to the GF Value, the intrinsic value of NetApp Inc is estimated at $83.13 per share, which suggests that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.49.
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 for the company's past performance and estimated future performance.
This sale by the insider may be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation and future prospects.
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.
