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 TD Cowen on February 28, 2025, Netapp Inc [NTAP] has been retained to a Buy and the price target has been revised to $130. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 10, 2025, Susquehanna has decreased its “Positive” rating to a “Neutral” for NTAP. Earlier on December 16, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for NTAP stock which previously was a “a Neutral”.
Analyzing NTAP Stock Performance
During the last five days, there has been a drop of approximately -23.79%. Over the course of the year, Netapp Inc shares have dropped approximately -18.27%. Shares of the company reached a 52-week high of $127.78 on 02/26/25 and a 52-week low of $92.59 on 03/04/25. A 50-day SMA is recorded $118.35, while a 200-day SMA reached $122.10.
Support And Resistance Levels for Netapp Inc (NTAP)
According to the 24-hour chart, there is a support level at 93.22, which, if violated, would cause prices to drop to 91.56. In the upper region, resistance lies at 96.30. The next price resistance is at 97.72. RSI (Relative Strength Index) is 22.76 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.83, which suggests the price will decrease in the coming days. Percent R is at 93.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
