NetApp CEO George Kurian sells shares price $1.06 million

George Kurian, the CEO of NetApp, Inc. (NASDAQ:NTAP), a outstanding participant in expertise storage options with a market cap of $24.2 billion and “GOOD” monetary well being in accordance with InvestingPro, not too long ago bought a complete of 8,500 widespread shares in a collection of transactions on December 16, 2024. The gross sales had been executed beneath a Rule 10b5-1 buying and selling plan, with costs starting from $123.24 to $124.80 per share. The entire worth of those transactions amounted to roughly $1.06 million. Following these gross sales, Kurian now owns 279,782 shares of NetApp immediately. Whereas this insider sale occurred, InvestingPro information reveals the corporate buying and selling close to its Truthful Worth, with administration actively shopping for again shares and sustaining dividend funds for 12 consecutive years. For deeper insights into insider buying and selling patterns and 11 further ProTips, discover NetApp’s complete Professional Analysis Report.

In different latest information, NetApp has reported vital development in its latest earnings and income outcomes. The corporate posted a 6% year-over-year improve in income for Q2 of fiscal 12 months 2025, reaching $1.66 billion. Moreover, NetApp raised its full-year income outlook to between $6.54 and $6.74 billion, with earnings per share anticipated to extend by 13%, falling between $7.20 and $7.40.

JPMorgan has upgraded NetApp’s inventory from Impartial to Obese, elevating the value goal to $160, pushed by an anticipated acceleration in income development. TD Cowen and Citi, two outstanding analyst corporations, have additionally expressed confidence in NetApp’s future efficiency. TD Cowen maintained its Purchase ranking on NetApp, whereas Citi maintained a Impartial ranking however elevated the share value goal.

These latest developments point out a bullish outlook for the corporate. NetApp’s numerous product portfolio and expanded partnerships, together with these with Google (NASDAQ:GOOGL) Cloud, together with the introduction of latest choices, have contributed to its present success and are anticipated to drive future development.

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