Momentum Is Strong For Netapp Inc (NASDAQ: NTAP)

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.

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Stocks Info

This NASDAQ-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. The current market capitalization of Netapp Inc is $24.97B. A total of 1.38 million shares were traded on the day, compared to an average of 1.95M shares.

In the most recent transaction, Kurian George sold 8,500 shares of NTAP for 108.57 per share on May 13 ’24. After the transaction, the CEO now owns 244,202 company shares. In a previous transaction on May 10 ’24, O’Callahan Elizabeth M sold 871 shares at 108.84 per share. NTAP shares that EVP, Chief Legal Officer owns now total 8,730.

Among the insiders who sold shares, Kurian George disposed of 8,500 shares on Apr 15 ’24 at a per-share price of $103.16. This resulted in the CEO holding 252,702 shares of NTAP after the transaction. In another insider transaction, O’Callahan Elizabeth M sold 871 shares at $103.02 per share on Apr 10 ’24. Company shares held by the EVP, Chief Legal Officer now total 9,601.

Dividend

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 1.65%, and it has a price to earnings (P/E) ratio of 26.03. NTAP’s most recent ex-dividend date was 7/5/2024 when it declared a $0.52 quarterly dividend that was paid in cash on 7/24/2024. Previously, the company paid the dividend on 4/24/2024 with an ex-dividend date of 4/4/2024. 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. In terms of 52-week highs and lows, NTAP has a high of $122.30 and a low of $69.51.

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. 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 $4.83, while its Total Shareholder’s Equity was $838.00M.

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, 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 3.50.

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