NetApp Chairman Daniel Warmenhoven Unloads 10,000 Shares (NTAP)
NetApp (NASDAQ:NTAP) Chairman Daniel Warmenhoven unloaded 10,000 shares of NetApp stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $41.01, for a total transaction of $410,100.00. Following the transaction, the chairman now directly owns 65,059 shares of the company’s stock, valued at approximately $2,668,070. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of NetApp in a research note to investors on Sunday, January 5th. One analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $44.29.
NetApp (NASDAQ:NTAP) traded down 0.69% during mid-day trading on Friday, hitting $40.37. 2,041,507 shares of the company’s stock traded hands. NetApp has a 52 week low of $32.40 and a 52 week high of $44.65. The stock’s 50-day moving average is $40.6 and its 200-day moving average is $40.94. The company has a market cap of $13.759 billion and a price-to-earnings ratio of 25.58.
NetApp (NASDAQ:NTAP) last announced its earnings results on Wednesday, November 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that NetApp will post $2.70 earnings per share for the current fiscal year.
NetApp, Inc (NASDAQ:NTAP) is a provider of storage systems and data management solutions for information technology (IT) infrastructures.
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