Published on 17 Apr 2024 on GuruFocus.com via Yahoo Finance
NetApp Inc CEO George Kurian Sells 8,500 Shares
NetApp Inc (NASDAQ:NTAP), a company specializing in hybrid cloud data services and data management, has reported an insider sell according to a recent SEC filing. CEO George Kurian sold 8,500 shares of the company on April 15, 2024.George Kurians recent transaction is part of a series of sales over the past year, during which the insider has sold a total of 45,575 shares and has not made any purchases of the company's stock.The insider transaction history for NetApp Inc shows a pattern of insider sales, with 29 insider sells and no insider buys over the past year.On the day of the sale, shares of NetApp Inc were trading at $103.16, giving the company a market cap of $20.83 billion. The price-earnings ratio of the company stands at 22.93, slightly lower than the industry median of 23.14 but higher than the companys historical median price-earnings ratio.According to the GuruFocus Value chart, with a current price of $103.16 and a GF Value of $80.50, NetApp Inc is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.28.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.