A Director at NetApp is Exercising Options


Today, a Director at NetApp, Kathryn Hill, exercised options of NetApp (NASDAQ: NTAP) for $2.05M.

In addition to Kathryn Hill, 3 other NTAP executives reported Sell trades in the last month.

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Based on NetApp’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $1.64 billion and quarterly net profit of $271 million. In comparison, last year the company earned revenue of $1.48 billion and had a net profit of $190 million. NTAP’s market cap is $20.4B and the company has a P/E ratio of 336.96. Currently, NetApp has an average volume of 4.3M.

14 different firms, including Barclays and Berenberg Bank, currently also have a Sell rating on the stock. Based on 18 analyst ratings, the analyst consensus is Strong Buy with an average price target of $76.06, reflecting a 2.2% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Hold NTAP with a $80 price target.

The insider sentiment on NetApp has been negative according to 72 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

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NetApp, Inc. engages in the provision of software, systems, and services for the management and storage of customer data. The company’s products include hybrid, enterprise all-flash, and cloud storages. Its patented unified scale-out fabric-attached storage platform uses the NetApp Data ONTAP storage operating system.

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