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Tuesday, March 21, 2023

Is NetApp Inc. (NASDAQ: NTAP) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for NetApp Inc. (NTAP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.21, or 0.32%, to $65.72. The NetApp Inc. has recorded 41,378 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted NetApp to Participate in Upcoming Technology Conferences.

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Stocks Info

This NASDAQ-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $65.51 and fluctuated between $66.26 as its day high and $65.07 as its day low. The current market capitalization of NetApp Inc. is $14.18B. A total of 1.7 million shares were traded on the day, compared to an average of 1.69M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NTAP has seen 5 BUY and 10 SELL insider trades, representing the acquisition of 8,094 and the disposition of 33,437 shares. Over the last 12 months, there were 39 BUYs and 45 SELLs from insiders. Insiders purchased 374,299 shares during that period but sold 294,111.

In the most recent transaction, Kurian George sold 2,250 shares of NTAP for 64.50 per share on Jan 09. After the transaction, the Chief Executive Officer now owns 154,726 company shares. In a previous transaction on Jan 03, Kurian George sold 2,250 shares at 60.40 per share. NTAP shares that Chief Executive Officer owns now total 156,976.

Among the insiders who sold shares, CERNUDA CESAR disposed of 18,000 shares on Dec 15 at a per-share price of $62.69. This resulted in the President holding 61,646 shares of NTAP after the transaction. In another insider transaction, Palin Carrie sold 2,707 shares at $64.30 per share on Dec 05. Company shares held by the Director now total 0.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. NetApp Inc. pays an annual dividend of $2.00, resulting in a dividend yield of 3.05%, and it has a price to earnings (P/E) ratio of 9.93. NTAP’s most recent ex-dividend date was 1/5/2023 when it declared a $0.50 quarterly dividend that was paid in cash on 1/25/2023. Previously, the company paid the dividend on 10/26/2022 with an ex-dividend date of 10/6/2022. The NTAP stock dividend was $0.50 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NTAP in the last 3 months, the mean price target is $76.67 with high estimates of $110.00 and low estimates of $58.00. In terms of 52-week highs and lows, NTAP has a high of $92.40 and a low of $58.08.

As of this writing, NTAP has an earnings estimate of $1.33 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.38 per share and a lower estimate of $1.29. The company reported an EPS of $1.42 in the last quarter, which was 10.90% higher than expectations of $1.28.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 25 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NTAP is Sell with a score of 3.55. A total of 8 analysts rated the stock as Buy while 2 rated it as Overweight while 14 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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