NetApp Chairman Daniel Warmenhoven Unloads 30,000 Shares (NTAP)
NetApp (NASDAQ:NTAP) Chairman Daniel Warmenhoven sold 30,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $41.04, for a total value of $1,231,200.00. Following the completion of the transaction, the chairman now directly owns 65,059 shares of the company’s stock, valued at approximately $2,670,021. The transaction was disclosed in a filing with the SEC, which is available at this link.
NTAP has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of NetApp in a research note to investors on Friday, December 27th. Finally, analysts at Morgan Stanley downgraded shares of NetApp from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $44.29.
NetApp (NASDAQ:NTAP) traded down 1.75% during mid-day trading on Thursday, hitting $40.42. The stock had a trading volume of 2,427,140 shares. NetApp has a 1-year low of $31.74 and a 1-year high of $44.65. The stock’s 50-day moving average is $40.68 and its 200-day moving average is $40.88. The company has a market cap of $13.776 billion and a price-to-earnings ratio of 25.63.
NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis.
NetApp, Inc (NASDAQ:NTAP) is a provider of storage systems and data management solutions for information technology (IT) infrastructures.
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