Elizabeth O'Callahan, an insider at NetApp Inc (NTAP), sold 23,628 shares of the company's stock on September 9, 2025, at a price of $123.67 per share. The total transaction value reached $2.92 million. Following this sale, O'Callahan retains 23,628 shares in the company.
NetApp, headquartered in San Jose, California, operates in the technology sector, providing software, systems, and services for data management and sharing. The company employs approximately 11,700 full-time staff and focuses on creating silo-free infrastructure utilizing observability and AI for data management. Its Hybrid Cloud segment offers a comprehensive data storage portfolio, while the Public Cloud segment provides various as-a-service products, including cloud storage and data services.
As of November 20, 2025, NetApp holds a market cap of $21.2 billion, with a P/E ratio of 18.12 and an EPS of 5.66. The upcoming earnings report is expected on September 2, 2026, with an estimated EPS of $1.88 and revenue of $1.7 billion.
Insider transactions, such as O'Callahan's sale, are reported to the SEC and can provide insights into executive sentiment regarding the company's stock. However, such actions should be analyzed alongside broader insider activity and market trends, rather than in isolation.