Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Netapp Inc shares valued at $254,800 were purchased by GUSTAFSSON ANDERS on Mar 27 ’25. At $91.00 per share, GUSTAFSSON ANDERS acquired 2,800 shares. The insider’s holdings grew to 6,348 shares worth approximately $0.57 million following the completion of this transaction.
Also, GUSTAFSSON ANDERS purchased 2,724 shares, netting a total of over 244,797 in proceeds. Following the buying of shares at $89.87 each, the insider now holds 9,072 shares.
Before that, CERNUDA CESAR had sold 19,696 shares from its account. In a trade valued at $1,775,523, the President traded Netapp Inc shares for $90.15 each. Upon closing the transaction, the insider’s holdings decreased to 19,696 shares, worth approximately $1.08 million.
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 -2.44%. Over the course of the year, Netapp Inc shares have dropped approximately -22.05%. Shares of the company reached a 52-week high of $127.78 on 02/26/25 and a 52-week low of $86.40 on 03/31/25. A 50-day SMA is recorded $107.87, while a 200-day SMA reached $119.45.
Support And Resistance Levels for Netapp Inc (NTAP)
According to the 24-hour chart, there is a support level at 88.61, which, if violated, would cause prices to drop to 86.74. In the upper region, resistance lies at 91.79. The next price resistance is at 93.10. RSI (Relative Strength Index) is 36.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.51, which suggests the price will decrease in the coming days. Percent R is at 57.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
