NetApp director Deepak Ahuja sells $684,185 in shares

NetApp director Deepak Ahuja disposed of 3,526 of the company's common shares on September 14, 2026, selling them for a total of $684,185. The sale was carried out under a Rule 10b5-1 trading plan that Ahuja initiated on June 15, 2026. After executing the transaction, Ahuja retained 16,264 common shares in NetApp. The company's shares have shown strong performance, with a 72% increase year-to-date and a 68% gain over the past year.

However, the current stock price of $181.37 is below the price at which Ahuja sold his shares. Analysts have varying opinions on NetApp's future. Some, like Evercore ISI, have upgraded the stock to Outperform due to positive growth prospects, while others, such as Guggenheim and Barclays, maintain a Neutral or Downgrade rating, citing concerns over long-term growth and valuation.

Despite the mixed analyst sentiment, NetApp reported impressive revenue growth in the first quarter of fiscal 2027, with total revenue accelerating and product revenue increasing significantly.