Netapp Inc [NTAP] short interest surges, jumping by 10.11 million million shares

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 $1,075,462 were sold by Kurian George on Sep 17 ’25. At $122.91 per share, Kurian George sold 8,750 shares. The insider’s holdings dropped to 274,938 shares worth approximately $33.89 million following the completion of this transaction.

Also, GEORGE KURIAN purchased 8,750 shares, netting a total of over 1,075,419 in proceeds.

Before that, O’Callahan Elizabeth M had sold 1,000 shares from its account. In a trade valued at $123,670, the EVP, Chief Admin. Officer traded Netapp Inc shares for $123.67 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.91 million.

Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late April. As of February 28, 2025, TD Cowen has reiterated its “Buy” rating for NTAP. Earlier on February 19, 2025, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for NTAP stock which previously was a “an Underperform”.

Analyzing NTAP Stock Performance

On last trading session, Netapp Inc [NASDAQ: NTAP] plunged -0.15% to $123.25. The stock’s lowest price that day was $122.32, but it reached a high of $123.585 in the same session. During the last five days, there has been a drop of approximately -0.54%. Over the course of the year, Netapp Inc shares have jumped approximately 0.84%. 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.

Support And Resistance Levels for Netapp Inc (NTAP)

According to the 24-hour chart, there is a support level at 122.52, which, if violated, would cause prices to drop to 121.79. In the upper region, resistance lies at 123.78. The next price resistance is at 124.32. RSI (Relative Strength Index) is 62.81 on the 14-day chart, showing neutral technical sentiment.

Is Netapp Inc subject to short interest?

Stocks of Netapp Inc saw a sharp rise in short interest on 2025-08-29 jumping by 0.99 million shares to 10.11 million. Data from Yahoo Finance shows that the short interest on 2025-07-31 was 9.12 million shares. A jump of 9.79% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.45 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.45.

Which companies own the most shares of Netapp Inc (NTAP)?

In terms of Netapp Inc share price expectations, FactSet research, analysts set an average price target of 117 in the next 12 months, down nearly -5.22% from the previous closing price of $123.44. Analysts anticipate Netapp Inc stock to reach 120 by 2025, with the lowest price target being 114. In spite of this, 16 analysts ranked Netapp Inc stock as Buy at the end of 2025.

Most Popular

Knox Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.