Insider buying last 90 days
No open-market insider purchases were filed for NTAP in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every NTAP insider filing, plotted on the chart in Gekko.Open NTAP in Gekko
NASDAQ: NTAP
NetApp (NTAP) Stock Analysis & Forecast
$197.79+0.87 (+0.4%)
Close on Sep 18, 2026. Page updated Sep 19, 9:17 pm ET.
Gekko Brief
AI summaryNetApp trades at $197.79, up 0.4%, and sits above both its 50-day average of $184.34 and its 200-day average of $134.34, with the shorter average also above the longer one. The GekkoIndex reads 52.8, placing the stock in the Neutral zone. Against this, price stands 27.2% above Gekko Fair Value of $155.49, a gap that stands out relative to the trend.
This week's coverage centers on insider selling alongside institutional buying. CEO George Kurian sold 40,000 shares on 14 September at prices between $190.28 and $194.04, executed under a 10b5-1 plan, while Director Deepak Ahuja sold 3,526 shares for $684,185.04, part of a reported year-long pattern of insider sells with none recorded on the buy side. Separately, Bank of America Corp DE disclosed a new position of 1,522,888 shares valued near $235.68 million. Other items touched on a partnership with the Buccaneers around data infrastructure and a mention of NetApp as a momentum pick, alongside a reduced stake from Corient Private Wealth LP.
The next earnings date falls on 1 December, 72 days out and beyond a typical 20-trading-day hold. Over the last quarter reported on 2 September, EPS of $2.58 beat the $2.12 estimate, with a 1.2% reaction, continuing a run of 7 beats in 8 quarters. In the last 30 days, one unusual options signal appeared, with call premium of $746,650 against put premium of $400,400. Seasonality over five years shows an average -0.6% across the next 20 trading days, positive in 3 of those years. Two trailblazer holders are also on record.
Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.
Price vs fair value
Close $197.79200-day averageGekko Fair Value $155.49
Key stats
- Market cap
- $38.81B
- P/E ratio
- 27.9
- Forward P/E
- 21.8
- EPS, TTM
- $7.09
- Revenue, TTM
- $7.39B
- Profit margin
- 19.2%
- Dividend yield
- 1.06%
- Beta
- 1.43
- Volume
- 4.81M avg 2.49M
- 1-year return
- +59.6%
- Typical daily move
- ±4.7%
- Typical 20-day move
- ±5.6%
- 50-day average
- $184.34
- 200-day average
- $134.34
- Next earnings
- Dec 1 after close
- Shares outstanding
- 196.4M
NetApp swing-trade checklist
NetApp scores 3 supportive, 2 mixed and 1 headwind across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive2 mixed1 headwind
- Trendsupportive
Above 50 and 200-day
Close $197.79 is above the 50-day ($184.34) and 200-day ($134.34) averages, and the 50-day is above the 200-day.
See the chart - GekkoIndexmixed
52.8, Neutral
Reading 52.8 is in the Neutral zone.
See the GekkoIndex - Fair valueheadwind
27.2% above
Price is 27.2% above Gekko Fair Value (more than 5% above).
See fair value - Smart moneysupportive
Leans bullish
Last 30 days: 1 unusual options signal.
See smart money - Earnings risksupportive
Reports in 72 days
Next report Dec 1, 2026, 72 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitymixed
−0.6% on average
From this point in the calendar, the next 20 trading days averaged −0.6% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
NetApp stock chart and price history
NetApp closed at $197.79 on Sep 18, 2026, +59.6% over the past year, inside a 52-week range of $93.69 to $209.06.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- +1.7%
- 3 months
- +23.8%
- 6 months
- +91.9%
- 1 year
- +59.6%
The full NTAP chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open NTAP in Gekko
Follow NetApp through every session
Put NTAP on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.
Track NTAP in GekkoFree for 7 days. No credit card required.
About NetApp
NetApp helps organizations store, move, and manage data across their own facilities, private cloud systems, and public cloud platforms. It is known for its ONTAP data management software, which underpins a broader set of tools covering backup, replication, compliance, and disaster recovery. Alongside this software, the company builds storage hardware and provides cloud-native storage services designed to work within major cloud platforms, along with tools for monitoring, security, and cost management in cloud environments.
The business is structured around two main areas: Hybrid Cloud, covering on-premises and mixed infrastructure, and Public Cloud, covering cloud-based offerings. NetApp also provides consulting, implementation, and ongoing support services to help customers set up and run its systems. Its customers span many types of organizations, including those in energy, government, finance, healthcare, life sciences, manufacturing, media production, technology, and telecommunications. NetApp sells directly to customers and also works through a network of partners.
NetApp was founded in 1992 and is based in San Jose, California. Its shares are listed on the NASDAQ under the ticker NTAP.
- Listed
- NASDAQ
- Sector
- Electronic technology
- Industry
- Computer peripherals
- Website
- netapp.com
NetApp GekkoIndex: the smart money zone
NetApp’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 52.8, in the Neutral zone, down 1.3 points over five sessions.
52.8Neutral
Down 1.3 points over five sessions.
Reading for Sep 18, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 25 | +1.7% | +0.7% | ||
| Accumulation | 176 | +0.9% | +2.9% | ||
| Neutral (current zone) | 402 | +0.3% | +2.9% | ||
| Distribution | 53 | +2.0% | +6.6% | ||
| Selling | 6 | Too few readings yet | |||
Average NTAP share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.
Neutral zone: No clear directional signal. About the five zones →
See every daily GekkoIndex reading plotted over the NTAP price, zone by zone.Track NTAP in Gekko
Is NetApp stock overvalued? Gekko Fair Value
NetApp trades 27.2% above Gekko Fair Value of $155.49, so the shares are overvalued on Gekko’s estimate.
Gekko’s own estimate of what NetApp shares are worth, recalculated every trading day.
$155.49
Gekko Fair Value, Sep 19, 2026
27.2% Overvalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open NTAP in Gekko
NetApp insider and Congress trading
No open-market insider purchases were filed for NetApp, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in NTAP were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for NTAP, plotted on the chart in Gekko.Open NTAP in Gekko
Buybacks
NetApp has been buying back its own shares.
- Latest authorization
- $1.00B, May 28, 2026
- Bought back, quarter ended Jul 31, 2026
- $200.0M
- As a share of market cap
- 0.52%
- Trailing four quarters
- $850.0M
From company filings.
Unusual options activity last 30 days
1signal, 65% of the flagged premium in calls.
Latest: Bullish flow on Sep 9, $1.15M in unusual premium.
Hedge funds and billionaires quarter ended Jun 30
2of the funds Gekko tracks hold NTAP.
0added1opened1trimmed0sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko
NetApp earnings: next date and track record
NetApp reports on Dec 1, 2026, after the close (72 days away), and beat the EPS estimate in 7 of its last 8 reports.
Next earnings report
Dec 1, 2026
Expected after the close, 72 days away
- EPS estimate
- $2.60
- Revenue estimate
- $2.10B
7 of 8reports beat the EPS estimate
±6.8%average move across the report
4 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Sep 2, 2026 AI summary
- What they said
- NetApp delivered a record Q1 FY2027 with revenue of $2.03 billion, up 30% year-over-year, exceeding guidance on every metric. Gross profit grew 29% to $1.43 billion, operating margin reached 31.9%, and EPS surged 66% year-over-year. All-flash array revenue hit $1.31 billion (+47% YoY) and public cloud revenue reached $206 million (+28% YoY). Management cited structural demand improvement and AI-driven data infrastructure adoption as key growth drivers.
- Guidance
- Following the strong Q1 performance, NetApp materially raised its full-year FY2027 outlook. Management cited broad-based demand momentum, AI workload expansion, and deeper customer engagement as drivers of sustained growth, though specific numerical targets were not included in the provided excerpt.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Sep 2, 2026 | $2.58 est $2.12 | $2.03B est $1.84B | +1.2% |
| May 28, 2026 | $2.43 est $2.27 | $1.95B est $1.87B | +22.1% |
| Feb 26, 2026 | $2.12 est $2.06 | $1.71B est $1.70B | −2.8% |
| Nov 25, 2025 | $2.05 est $1.88 | $1.71B est $1.69B | +0.3% |
| Aug 27, 2025 | $1.55 est $1.54 | $1.56B est $1.55B | +7.1% |
| May 29, 2025 | $1.93 est $1.90 | $1.73B est $1.72B | −0.5% |
| Feb 27, 2025 | $1.91 est $1.91 | $1.64B est $1.68B | −19.8% |
| Nov 21, 2024 | $1.87 est $1.78 | $1.66B est $1.65B | −0.9% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
NetApp stock forecast and analyst price targets
Analysts’ average 12-month price target for NetApp is $197.00, −0.4% from the last close, from 15 firms rating the stock in the last 90 days.
$197.00consensus 12-month target, −0.4% from the last close
Now $197.79Avg $197.00
Low $170High $219
Each firm’s latest rating in the last 90 days: 15 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 18 | Morgan Stanley | $191 | −3.4% |
| Sep 8 | Citi | $190 | −3.9% |
| Sep 4 | Citi | $190 | −3.9% |
| Sep 3 | William Blair | — | — |
| Sep 3 | Wells Fargo | $190 | −3.9% |
+2.9%average 20-day move after past Neutral readings
−0.6%average move over the next 20 trading days in the last 5 years
±4.7%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
NetApp seasonality: the next 20 trading days
Over the next 20 trading days from Sep 19, NetApp averaged −0.6% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | −1.1% | 2 of 5 |
| Next 10 trading days | −1.6% | 2 of 5 |
| Next 15 trading days | −0.9% | 2 of 5 |
| Next 20 trading days | −0.6% | 3 of 5 |
| Next 30 trading days | −1.4% | 2 of 5 |
For scale, NTAP’s typical 20-trading-day move in either direction is about 5.6%.
NetApp market cap and key statistics
NetApp’s market cap is $38.81B, with a P/E ratio of 27.9 and revenue of $7.39B over the last twelve months.
Valuation
- Market cap
- $38.81B
- P/E ratio
- 27.9
- Forward P/E
- 21.8
- EPS, TTM
- $7.09
- Gekko Fair Value
- $155.49
Trading
- Volume
- 4.81M
- Avg volume, 20 days
- 2.49M
- 52-week high
- $209.06
- 52-week low
- $93.69
- Shares outstanding
- 196.4M
Financials
- Revenue, TTM
- $7.39B
- Profit margin
- 19.2%
- Return on equity
- 114.8%
- Quarterly earnings growth, YoY
- +63.5%
Risk and income
- Beta
- 1.43
- Typical daily move
- ±4.7%
- Typical 20-day move
- ±5.6%
- Dividend yield
- 1.06%
NetApp stock news this week
Coverage of NetApp this week reads positive: 8 positive, 4 neutral and 4 negative headlines.
- Are You Looking for a Top Momentum Pick? Why NetApp (NTAP) is a Great ChoiceZacks Investment Research, Sep 18
- George Kurian Sells 40,000 Shares of NetApp (NASDAQ:NTAP) StockDefense World, Sep 18
- Corient Private Wealth LP Sells 3,017 Shares of NetApp, Inc. $NTAPDefense World, Sep 18
- Can NetApp's Buccaneers Partnership Boost Its AI and Cloud Growth?Zacks Investment Research, Sep 17
- 1,522,888 Shares in NetApp, Inc. $NTAP Purchased by Bank of America Corp DEMarketBeat, Sep 17
- NetApp (NTAP) Director Deepak Ahuja Sells 3,526 SharesGuruFocus, Sep 17
NetApp peers
NetApp’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| SNDKSandisk | Neutral | 10.6% above |
| ANETArista Networks | Neutral | 15.2% above |
| STXSeagate Technology | Accumulation | 2.4% below |
| WDCWestern Digital | Accumulation | 13.0% below |
| LOGILogitech International S.A. - | Neutral | 9.3% below |
| EXTRExtreme Networks | Accumulation | 14.6% below |
A peer links to its own page where one exists.
NetApp stock FAQ
What is NetApp’s market cap?
NetApp’s market cap is $38.81B at the Sep 18, 2026 close of $197.79, with 196.4M shares outstanding. The shares trade on a P/E ratio of 27.9.
What is the NetApp stock forecast?
The consensus analyst 12-month price target for NetApp is $197.00, −0.4% from the last close. Of the 15 firms that rated the stock in the last 90 days, 4 rate it a buy, 11 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is NetApp stock overvalued or undervalued?
On Gekko’s estimate NetApp is overvalued: the Sep 18, 2026 close of $197.79 is 27.2% above Gekko Fair Value of $155.49. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does NetApp report earnings next?
NetApp is expected to report on Dec 1, 2026, after the market closes (72 days away). Analysts expect earnings of $2.60 per share on revenue of $2.10B. NetApp beat the earnings estimate in 7 of its last 8 reports, moving 6.8% on average across the report.
What is NetApp’s 52-week high and low?
NetApp’s 52-week high is $209.06 and its 52-week low is $93.69; it closed at $197.79 on Sep 18, 2026, +59.6% over the past year.
Is NetApp stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 6 items with data read as supportive (trend, smart money and earnings risk), 2 as mixed (gekkoindex and seasonality) and 1 as a headwind (fair value). The checklist is a description of current data, not a recommendation.
Is there unusual options activity in NetApp?
Gekko flagged 1 unusual options signal in NetApp over the last 30 days, with $747K of flagged premium in calls and $400K in puts. The latest, bullish flow, was on Sep 9, 2026 with $1.15M in unusual premium. The signal-by-signal table is in Gekko.
How this page works
Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
See NetApp the way Gekko members do
Every GekkoIndex reading, insider trade, options bet and Congress disclosure plotted on the chart, plus the 5,800-name screener and trade planning tools.
Join 1,349 other traders using Gekko
Start Your FREE 7 Day Trial → Every feature unlocked. No credit card required.