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 $37,496 were purchased by ELIZABETH O’CALLAHAN on Apr 10 ’25. At $83.14 per share, ELIZABETH O’CALLAHAN acquired 451 shares.
Also, GUSTAFSSON ANDERS purchased 2,800 shares, netting a total of over 254,800 in proceeds. Following the buying of shares at $91.00 each, the insider now holds 6,348 shares.
Before that, GUSTAFSSON ANDERS had added 2,724 shares to its account. In a trade valued at $244,797, the Director bought Netapp Inc shares for $89.87 each. Upon closing the transaction, the insider’s holdings increased to 2,724 shares, worth approximately $0.74 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 -5.52%. Over the course of the year, Netapp Inc shares have dropped approximately -29.92%. Shares of the company reached a 52-week high of $127.78 on 02/26/25 and a 52-week low of $71.84 on 04/07/25. A 50-day SMA is recorded $99.57, while a 200-day SMA reached $117.11.
Support And Resistance Levels for Netapp Inc (NTAP)
According to the 24-hour chart, there is a support level at 80.31, which, if violated, would cause prices to drop to 79.27. In the upper region, resistance lies at 82.30. The next price resistance is at 83.25. RSI (Relative Strength Index) is 38.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.94, which suggests the price will decrease in the coming days. Percent R is at 50.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
