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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.

NetApp Inc CEO George Kurian Sells 8,500 Shares
NetApp Inc CEO George Kurian Sells 8,500 Shares

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.

NetApp Inc CEO George Kurian Sells 8,500 Shares
NetApp Inc CEO George Kurian Sells 8,500 Shares

For more detailed information on insider transactions and the company's financials, readers can visit the SEC filing and the company's stock summary page on GuruFocus.SEC FilingNetApp Inc (NASDAQ:NTAP)

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.