After Hours
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. Yahoo Finance discussed the stock recently as it posted NetApp Reports Third Quarter of Fiscal Year 2024 Results.
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Stocks Info
The company is listed on the NASDAQ and operates within the Computer Hardware industry segment. At the end of the last regular session, the stock closed at $89.12 and fluctuated between $89.66 as its day high and $88.49 as its day low. The current market capitalization of Netapp Inc is $18.36B. A total of 4.68 million shares were traded on the day, compared to an average of 1.93M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NTAP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 52 SELLs from insiders. Insiders purchased 626,314 shares during that period but sold 409,966.
In the most recent transaction, O’Callahan Elizabeth M sold 871 shares of NTAP for 89.96 per share on Feb 12. After the transaction, the EVP, Chief Legal Officer now owns 9,985 company shares. In a previous transaction on Jan 10, BERRY MICHAEL J sold 7,500 shares at 86.40 per share. NTAP shares that EVP Finance & Operations, CFO owns now total 157,922.
Among the insiders who sold shares, O’Callahan Elizabeth M disposed of 871 shares on Jan 10 at a per-share price of $86.27. This resulted in the EVP, Chief Legal Officer holding 10,856 shares of NTAP after the transaction. In another insider transaction, BERRY MICHAEL J sold 7,500 shares at $85.82 per share on Jan 09. Company shares held by the EVP Finance & Operations, CFO now total 165,422.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Netapp Inc pays an annual dividend of $2.00, resulting in a dividend yield of 2.24%, and it has a price to earnings (P/E) ratio of 27.68. NTAP’s most recent ex-dividend date was when it declared a $0.50 quarterly dividend that was paid in cash on 4/24/2024. Previously, the company paid the dividend on 1/24/2024 with an ex-dividend date of 1/4/2024. The NTAP stock dividend was $0.50 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NTAP in the last 3 months, the mean price target is $90.69 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 17 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.29.
