After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Netapp Inc (NTAP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.02%, to $86.69. The Netapp Inc has recorded 27,700 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed NetApp Appoints Riccardo Di Blasio As Senior Vice President of North America Sales.
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Stocks Info
NTAP belongs to the Technology sector of the NASDAQ while operating in the Computer Hardware industry. At the end of the last regular session, the stock closed at $86.67 and fluctuated between $87.54 as its day high and $86.34 as its day low. The current market capitalization of Netapp Inc is $17.86B. A total of 1.21 million shares were traded on the day, compared to an average of 1.87M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, NTAP has seen 5 BUY and 7 SELL insider trades, representing the acquisition of 16,412 and the disposition of 12,290 shares. Over the last 12 months, there were 38 BUYs and 60 SELLs from insiders. Insiders purchased 657,143 shares during that period but sold 424,137.
In the most recent transaction, BERRY MICHAEL J sold 7,500 shares of NTAP for 86.40 per share on Jan 10. After the transaction, the EVP Finance & Operations, CFO now owns 157,922 company shares. In a previous transaction on Jan 10, O’Callahan Elizabeth M sold 871 shares at 86.27 per share. NTAP shares that EVP, Chief Legal Officer owns now total 10,856.
Among the insiders who sold shares, BERRY MICHAEL J disposed of 7,500 shares on Jan 09 at a per-share price of $85.82. This resulted in the EVP Finance & Operations, CFO holding 165,422 shares of NTAP after the transaction. In another insider transaction, CERNUDA CESAR sold 22,000 shares at $86.67 per share on Jan 02. Company shares held by the President now total 61,883.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Netapp Inc pays an annual dividend of $2.00, resulting in a dividend yield of 2.31%, and it has a price to earnings (P/E) ratio of 26.92. NTAP’s most recent ex-dividend date was 1/4/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 1/24/2024. Previously, the company paid the dividend on 10/25/2023 with an ex-dividend date of 10/5/2023. The NTAP stock dividend was $0.50 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NTAP in the last 3 months, the mean price target is $89.35 with high estimates of $105.00 and low estimates of $73.00. In terms of 52-week highs and lows, NTAP has a high of $91.78 and a low of $59.73.
As of this writing, NTAP has an earnings estimate of $1.69 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.7 per share and a lower estimate of $1.64. The company reported an EPS of $1.15 in the last quarter, which was 7.50% higher than expectations of $1.07.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. NTAP’s latest balance sheet shows that the firm has $4.13B in Cash & Short Term Investments as of fiscal 2022. There were $2.94B in debt and $3.95B in liabilities at the time. Its Book Value Per Share was $3.74, while its Total Shareholder’s Equity was $838.00M.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 3.44.
