AlphAIAlphAI — Financial news for AI agents
SEC EDGARAUG 191 min read$NTAP

CERNUDA CESAR sold $533K of NTAP

CERNUDA CESAR (President) sold 2,608 shares of NetApp, Inc. (NTAP) at an average of $204.48 ($203.63–$206.40, $0.53M total) across 4 trades on 2026-08-17 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · CERNUDA CESAR
Published Aug 19, 2026, 8:57 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Aug 19, 2026, 9:11 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefInsider activity
Primary signal
$NTAP
Neutral
high confidence
Mentioned
$NTAP
Relevance
4/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$NTAPNeutralLow
01

Why it matters

The disclosed sale is modest and pre‑planned, offering limited trading insight.

02

Market read

Minor insider sell; low relevance for traders.

03

What to watch

Sale is pre‑arranged; not indicative of insider sentiment.

Relevance 4/10Novelty 4/10Timing: post‑market 2026-08-17

Background

Form 4 filing reports insider transactions required by SEC; provides transparency on executive holdings.

Company-level read

Ticker impact

$NTAPNeutralHigh confidence
Context

President Cesar Cernuda sold 2,608 shares for $533K via a 10b5-1 plan on 2026-08-17.

Expected impact

No significant impact expected.

Evidence & confidence

Sale size is small relative to market cap and disclosed via pre‑arranged plan.

Market effects

Sector

None

Regional

None

Global

None

Counterpoint

What could challenge this read

Insider may be diversifying; could signal confidence in long‑term outlook.

Key entities

  • Executive
    Cesar Cernuda

    President of NetApp, Inc.

  • Company
    NetApp, Inc.

    Data storage and cloud services provider.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

NTAP insider trading history →

Related articles

SEP 16
$NTAPHighAI 9/10

NetApp Q1 Earnings Call: AI, Cloud Power Outlook

NetApp (NTAP) reported Q1 revenue of $2.03B, up 30% YoY, with strong demand in AI, cloud, and storage. EPS rose 66% to $2.58. Management raised guidance, citing AI momentum and cloud growth, but noted margin pressure from product mix and higher component costs. Public cloud revenue grew 28% YoY to $206M, and all-flash array revenue surged 47% to $1.31B. The company also completed acquisitions of DataPelago and JetStream.

tipranks.com3 min
SEP 11
$NTAPHighAI 8/10

NetApp NTAP Surges After Record Q1 And Big AI Push

NetApp Inc. (NTAP) shares rose 8.91% on September 11, 2026, following a record fiscal Q1 with $2.025B revenue and $375M net income. The company reported strong growth in AI and cloud services, raising guidance for Q2 and fiscal 2027. Analysts increased price targets, with Barclays setting it at $219. NTAP's stock trades at elevated multiples, with some analysts cautioning about margin pressures and demand pull-forward risks.

stockstotrade.com2 min
SEP 11
$NTAPHighAI 9/10

NetApp NTAP Stock Climbs After Monster AI-Driven Quarter

NetApp Inc. (NTAP) shares rose 8.91% after reporting strong Q1 earnings, with revenue of $2.025B and net income of $375M. The company raised guidance for Q2 and FY27, driven by growth in AI and cloud services. Analysts have raised price targets, with Barclays setting a target of $219.

timothysykes.com2 min
SEP 11
$NTAPHighAI 9/10

NetApp Stock Rallies As AI Demand Fuels Big Earnings Beat

NetApp Inc. (NTAP) shares rose 7.98% after reporting strong Q1 earnings, with revenue up 30% YoY to $2.03B and EPS up 66% to $2.58. The company cited AI-driven demand for its all-flash arrays and public cloud services. Management raised guidance for Q2 and fiscal 2027, with revenue and EPS estimates exceeding consensus. Analysts increased price targets, citing AI and hybrid-cloud demand, though some noted potential margin pressures.

stockstotrade.com3 min
SEP 9
$NTAPHighAI 9/10

NetApp (NTAP) Q1 2027 Earnings Call Transcript

NetApp (NTAP) reported Q1 2027 revenue of $2.03B, up 30% YoY, with non-GAAP EPS at $2.58, up 66%. Growth was driven by all-flash and public cloud storage demand. The company raised full-year guidance, citing strong AI and multicloud modernization demand. However, product gross margin fell 150 bps due to higher component costs. NetApp also completed acquisitions to enhance AI and cloud offerings.

fool.com2 min