Insider Selling: NetApp (NASDAQ:NTAP) CEO Sells 50,000 Shares of Company Stock

NetApp, Inc. (NASDAQ:NTAP) CEO George Kurian sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $209.95, for a total transaction of $10,497,500.00. Following the transaction, the chief executive officer directly owned 218,537 shares of the company’s stock, valued at $45,881,843.15. The trade was a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

George Kurian also recently made the following trade(s):

• On Thursday, September 24th, George Kurian sold 37,000 shares of NetApp stock. The shares were sold at an average price of $199.95, for a total transaction of $7,398,150.00.
• On Monday, September 21st, George Kurian sold 13,000 shares of NetApp stock. The shares were sold at an average price of $200.01, for a total value of $2,600,130.00.
• On Monday, September 14th, George Kurian sold 40,000 shares of NetApp stock. The stock was sold at an average price of $191.42, for a total value of $7,656,800.00.

NetApp Stock Performance

Shares of NASDAQ NTAP traded up $4.97 during midday trading on Thursday, hitting $215.05. 2,347,679 shares of the company’s stock were exchanged, compared to its average volume of 2,683,509. NetApp, Inc. has a twelve month low of $93.69 and a twelve month high of $216.81. The firm has a market cap of $42.24 billion, a P/E ratio of 30.33, a PEG ratio of 2.25 and a beta of 1.44. The stock’s 50 day moving average price is $190.51 and its 200-day moving average price is $153.21. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.24 and a quick ratio of 1.16.

NetApp (NASDAQ:NTAP) last posted its earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.12 by $0.46. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.84 billion. NetApp had a return on equity of 119.13% and a net margin of 19.18%.The firm’s revenue was up 29.9% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. Equities research analysts anticipate that NetApp, Inc. will post 8.32 EPS for the current year.

NetApp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, October 9th. NetApp’s dividend payout ratio (DPR) is 29.34%.

NetApp News Roundup

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: AI infrastructure strategy gains support: NetApp unveiled a new architecture for AI factories at its INSIGHT event, prompting favorable analyst reactions. Bank of America said the AI opportunity could support higher growth and raised its price target. NetApp introduces new architecture for AI factories at Insight Bank of America raises NetApp target
• Positive Sentiment: Cloud and AI partnerships broaden growth prospects: Collaborations with Oracle, SAP and Supermicro are designed to expand NetApp’s role in AI and cloud infrastructure. The planned native Oracle Cloud Infrastructure storage service could be rolled out within 12 months, potentially improving access to Oracle’s customer base. NetApp partnerships expand AI strategy NetApp Oracle storage platform
• Positive Sentiment: European sovereignty offering adds a market opportunity: Keystone Sovereign is being positioned for regulated European customers seeking tighter regional and data-handling controls. Keystone Sovereign targets Europe
• Neutral Sentiment: Partner awards reinforce the ecosystem: NetApp recognized its North American partners for helping deliver its solutions and services, supporting channel relationships but offering limited immediate financial impact. NetApp 2026 North America Partner Awards
• Negative Sentiment: Valuation and execution risks remain: One analysis maintained a “hold” view, arguing that the risk/reward profile is less compelling at current levels. In addition, CEO George Kurian disclosed a preplanned share sale, which may create modest selling pressure but does not necessarily indicate a change in business outlook. NetApp risk-reward analysis NetApp CEO preplanned share sale

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NTAP. West Financial Advisors LLC acquired a new position in NetApp during the second quarter worth about $37,000. Roble Belko & Company Inc bought a new position in shares of NetApp during the 1st quarter valued at about $31,000. Bell Investment Advisors Inc bought a new position in shares of NetApp during the 2nd quarter valued at about $55,000. Compass Financial Management LLC acquired a new position in shares of NetApp in the 2nd quarter worth approximately $70,000. Finally, Hilltop National Bank acquired a new position in shares of NetApp in the 2nd quarter worth approximately $72,000. Institutional investors own 92.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NTAP. Morgan Stanley increased their target price on shares of NetApp from $173.00 to $191.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Wall Street Zen upgraded shares of NetApp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Argus set a $225.00 price target on shares of NetApp in a research note on Friday, September 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NetApp in a report on Friday, September 4th. Finally, TD Cowen reiterated a “buy” rating and set a $200.00 price objective on shares of NetApp in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NetApp currently has an average rating of “Hold” and a consensus target price of $194.86.

NetApp Company Profile

NetApp, Inc develops intelligent data infrastructure and data management solutions for enterprises, service providers, and government organizations. The company helps customers store, manage, protect, and access data across on-premises environments, private clouds, public clouds, and hybrid multicloud infrastructures.

Its portfolio includes enterprise storage systems, all-flash arrays, cloud-connected storage, object storage, and data management software. NetApp’s offerings include the ONTAP data management operating system, AFF and ASA storage systems, StorageGRID object storage, and BlueXP, a platform designed to help customers manage data and storage resources across multiple environments.