In a filing, Netapp Inc revealed its Officer ELIZABETH O’CALLAHAN acquired Company’s shares for reported $37496.0 on Apr 10 ’25. In the deal valued at $83.14 per share,451 shares were bought.
Then, GUSTAFSSON ANDERS bought 2,800 shares, generating $254,800 in total proceeds. Upon buying the shares at $91.00, the Director now owns 6,348 shares.
Before that, GUSTAFSSON ANDERS bought 2,724 shares. Netapp Inc shares valued at $244,797 were divested by the Director at a price of $89.87 per share. As a result of the transaction, GUSTAFSSON ANDERS now holds 9,072 shares, worth roughly $0.75 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 Thursday, Netapp Inc [NASDAQ:NTAP] saw its stock jump 1.55% to $82.61. Over the last five days, the stock has gained 0.40%. Netapp Inc shares have fallen nearly -28.83% since the year began. Nevertheless, the stocks have fallen -19.44% over the past one year. While a 52-week high of $135.45 was reached on 02/26/25, a 52-week low of $71.84 was recorded on 04/07/25. SMA at 50 days reached $98.75, while 200 days put it at $116.87.
Levels Of Support And Resistance For NTAP Stock
The 24-hour chart illustrates a support level at 81.74, which if violated will result in even more drops to 80.86. On the upside, there is a resistance level at 83.41. A further resistance level may holdings at 84.20. The Relative Strength Index (RSI) on the 14-day chart is 40.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.43%. Stochastics %K at 52.09% 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 2025-03-31, dropping by -2.3 million shares to a total of 5.61 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 7.91 million shares. There was a decline of -40.92%, 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.
