Netapp Inc’s recent filing unveils that its Director GUSTAFSSON ANDERS acquired Company’s shares for reported $0.25 million on Mar 27 ’25. In the deal valued at $91.00 per share,2,800 shares were bought. As a result of this transaction, GUSTAFSSON ANDERS now holds 6,348 shares worth roughly $0.48 million.
Then, GUSTAFSSON ANDERS bought 2,724 shares, generating $244,797 in total proceeds. Upon buying the shares at $89.87, the Director now owns 9,072 shares.
Before that, CERNUDA CESAR sold 19,696 shares. Netapp Inc shares valued at $1,775,523 were divested by the President at a price of $90.15 per share. As a result of the transaction, CERNUDA CESAR now holds 11,928 shares, worth roughly $0.91 million.
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 -6.75% to $76.10. Over the last five days, the stock has lost -13.91%. Netapp Inc shares have fallen nearly -34.44% since the year began. Nevertheless, the stocks have fallen -28.53% over the past one year. While a 52-week high of $135.45 was reached on 02/26/25, a 52-week low of $81.56 was recorded on 04/04/25. SMA at 50 days reached $105.98, while 200 days put it at $118.98.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 74.35, which if violated will result in even more drops to 72.59. On the upside, there is a resistance level at 78.34. A further resistance level may holdings at 80.57. The Relative Strength Index (RSI) on the 14-day chart is 22.02, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.03%. Stochastics %K at 16.16% indicates the stock is a buying.
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.
