The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Netapp Inc shares valued at $36,263 were sold by De Lorenzo Daniel on Feb 19 ’25. At $121.28 per share, De Lorenzo Daniel sold 299 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Kurian George sold 8,500 shares, netting a total of over 1,011,854 in proceeds. Following the sale of shares at $119.04 each, the insider now holds 266,765 shares.
Before that, GEORGE KURIAN had added 8,500 shares to its account. In a trade valued at $1,011,853, the Officer bought Netapp Inc shares for $119.04 each.
As published in a research note from BofA Securities on February 19, 2025, Netapp Inc [NTAP] has been rated up from an Underperform to a Neutral and the price target has been revised to $128 from $121. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of December 16, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for NTAP. Earlier on November 22, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for NTAP stock.
Analyzing NTAP Stock Performance
During the last five days, there has been a drop of approximately -0.03%. Over the course of the year, Netapp Inc shares have jumped approximately 7.24%. Shares of the company reached a 52-week high of $127.78 on 02/26/25 and a 52-week low of $112.86 on 01/13/25. A 50-day SMA is recorded $120.55, while a 200-day SMA reached $122.31. Nevertheless, trading volume fell to 1.82 million shares from 2.19 million shares the previous day.
Support And Resistance Levels for Netapp Inc (NTAP)
According to the 24-hour chart, there is a support level at 122.64, which, if violated, would cause prices to drop to 120.79. In the upper region, resistance lies at 127.06. The next price resistance is at 129.63. RSI (Relative Strength Index) is 57.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.47, which suggests the price will increase in the coming days. Percent R is at 29.91%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
