NTAP CLUSTER SEC Filing Analysis

Latest settled — T+5d

NTAP ▼ -4.99% at T+5d

NEUTRAL call ✗ call lost -4.99% · α vs SPY -7.10% · entry $170.31 → $161.82

Next anchor: T+20d in 15d

Last close $159.71 (close Jun 18) · -6.22% from $170.31 entry

Entry anchored
Jun 5, 03:59 PM ET
via Databento tick

T+1d

-3.12%

call -3.12% · α -2.82%

$165.00

settled 13d ago

T+5d

-4.99%

call -4.99% · α -7.10%

$161.82

settled 9d ago

T+20d

—

call — · α —

—

in 15d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Two NetApp insiders sold a combined $1.32M in open-market transactions within a week of the company's record Q4 FY2026 earnings report. The sales are small relative to NetApp's $35.3B market cap (0.004%) and are likely routine post-earnings diversification, not a bearish signal.

Key Financial Metrics

Direction

selling

Total Value

$1.3M

Insiders

2

Actionable Insight

The sales are immaterial in size and likely reflect routine post-earnings portfolio rebalancing. Monitor for any larger insider sales or a change in the buyback execution pace, but no immediate trading action is warranted.

Key Facts

Director Gerald Held sold 7,132 shares at $180 for $1.28M on June 3, 2026.
VP & Controller Daniel De Lorenzo sold 225 shares at $171.09 for $38,495 on June 1, 2026.
Total insider sales of $1.32M represent ~0.004% of NetApp's $35.3B market cap.
Sales occurred 4-6 days after NetApp reported record Q4 FY2026 revenue of $1.95B (+12% YoY) and non-GAAP EPS of $2.43 (+26% YoY).
No insider purchases were reported in the cluster window.

Financial Impact

Insider sales of $1.32M are trivial relative to $35.3B market cap (0.004%).

insider holdings

Risk Factors

Insider sales could accelerate if the stock continues to rally from recent highs.
No insider buying alongside strong results may suggest management sees limited near-term upside.

Market Snapshot

Exchange

Nasdaq

Sector

Computer Storage Devices

Analyst Consensus

43% bullish (28 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-NTAP-1780693295071

5 reports for NTAP

T+1T+5T+20T+60

100% Hit rate 3 of 3 directional calls best @ T+60▲ +45.23%Mar 3, 2026

Filters

Reports for NTAP — sortable, filterable
	Type				Now
Jun 5, 2026 15d ago	Insider Cluster NEUTRAL ★ 3/10	$170.31 $161.82	▼ −4.99%	▼ −7.10%	$159.71 (−6.22%)
May 28, 2026 23d ago	8-K BULLISH ★ 7/10	$174.29 $181.08	▲ +3.90%	▲ +4.19%	$159.71 (−8.37%)
May 20, 2026 4w ago	Insider Cluster NEUTRAL ★ 2/10	$123.95 $174.29	▲ +40.61%	▲ +38.76%	$159.71 (+28.85%)
Mar 3, 2026 15w ago	Court Ruling BULLISH ★ 6/10	$98.29 $96.42	▼ −1.90%	▼ −1.43%	$159.71 (+62.49%)
Feb 28, 2026 16w ago	Institutional Cluster BULLISH ★ 7/10	$99.64 $100.10	▲ +0.46%	▲ +1.67%	$159.71 (+60.29%)

US Market Status

Market Closed — Opens Mon (28h 41m)

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