Netapp Inc’s filing revealed that its VP, Controller & CAO De Lorenzo Daniel unloaded Company’s shares for reported $36263.0 on Feb 19 ’25. In the deal valued at $121.28 per share,299 shares were sold. As a result of this transaction, De Lorenzo Daniel now holds 0 shares worth roughly $0.0.
Then, Kurian George sold 8,500 shares, generating $1,011,854 in total proceeds. Upon selling the shares at $119.04, the CEO now owns 266,765 shares.
Before that, GEORGE KURIAN bought 8,500 shares. Netapp Inc shares valued at $1,011,853 were divested by the Officer at a price of $119.04 per share.
BofA Securities upgraded its Netapp Inc [NTAP] rating to a Neutral from a an Underperform in a research note published on February 19, 2025; the price target was increased to $128 from $121. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in early February from “a Positive” to “a Neutral”. JP Morgan also remained covering NTAP and has increased its forecast on December 16, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. TD Cowen maintained its rating on November 22, 2024. It rated NTAP as “a Buy”.
Price Performance Review of NTAP
On Friday, Netapp Inc [NASDAQ:NTAP] saw its stock fall -0.78% to $123.50. Over the last five days, the stock has gained 3.73%. Netapp Inc shares have risen nearly 6.39% since the year began. Nevertheless, the stocks have risen 45.98% over the past one year. While a 52-week high of $135.45 was reached on 01/22/25, a 52-week low of $85.28 was recorded on 01/13/25. SMA at 50 days reached $120.49, while 200 days put it at $122.16.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 121.33, which if violated will result in even more drops to 119.16. On the upside, there is a resistance level at 125.51. A further resistance level may holdings at 127.51. The Relative Strength Index (RSI) on the 14-day chart is 55.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.99%. Stochastics %K at 74.51% indicates the stock is a holding.
The most recent change occurred on November 15, 2024 when Cleveland Research began covering the stock and recommended ‘”a Neutral”‘ rating .
