Netapp Inc’s recently made public that its Officer CESAR CERNUDA acquired Company’s shares for reported $1.78 million on Mar 28 ’25. In the deal valued at $90.15 per share,19,696 shares were bought.
Then, Kurian George sold 8,500 shares, generating $787,277 in total proceeds. Upon selling the shares at $92.62, the CEO now owns 258,265 shares.
Before that, GEORGE KURIAN bought 8,500 shares. Netapp Inc shares valued at $787,258 were divested by the Officer at a price of $92.62 per share.
TD Cowen reiterated its Netapp Inc [NTAP] rating to a Buy in a research note published on February 28, 2025; the price target was $130. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid February from “an Underperform” to “a Neutral”. Susquehanna also remained covering NTAP and has decreased its forecast on February 10, 2025 with a “Neutral” recommendation from previously “Positive” rating. JP Morgan revised its rating on December 16, 2024. It rated NTAP as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of NTAP
On Friday, Netapp Inc [NASDAQ:NTAP] saw its stock fall -2.95% to $88.40. Over the last five days, the stock has lost -4.17%. Netapp Inc shares have fallen nearly -23.85% since the year began. Nevertheless, the stocks have fallen -15.58% over the past one year. While a 52-week high of $135.45 was reached on 02/26/25, a 52-week low of $89.88 was recorded on 03/28/25. SMA at 50 days reached $109.83, while 200 days put it at $120.00.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 87.42, which if violated will result in even more drops to 86.44. On the upside, there is a resistance level at 90.10. A further resistance level may holdings at 91.81. The Relative Strength Index (RSI) on the 14-day chart is 29.62, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.73%. Stochastics %K at 22.95% indicates the stock is a holding.
How much short interest is there in Netapp Inc?
A steep rise in short interest was recorded in Netapp Inc stocks on 2025-03-14, dropping by -3.91 million shares to a total of 6.22 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 10.12 million shares. There was a decline of -62.85%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 22, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $160.
