In a turbulent market, AI infrastructure play NetApp stock shows resilience while flashing one indicator top funds love. The post Savvy Investors Love This Often Overlooked Clue. It's Flashing Now For This Nvidia, Google Partner. appeared first on Investor's Business Daily .
NTAP NetApp, Inc
XNAS
212.50
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
NTAP
$212.50
—
Key stats
$212.50
Pre-market
$214.11
+0.75%
- 52-Week Range
- $93.69 – $240.87
- YTD
- +99.59%
- IV Rank (30D)
- 40.86
- Straddle Price
- $23.80
- P/C Vol Ratio
- 0.57
- Market Cap
- $42.7B
- Open
- $214.13
- Day Range
- $205.09 – $215.76
- Volume
- 1,641,897
- Prev Close
- $217.21
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 1.13 |
| Cost of Equity (CAPM) | 11.36% (VRP-adj) |
| WACC | 11.07% |
| Volatility Risk Premium | +18.5pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 22.4% |
| Rev. Growth (YoY, DCF input) | +18.8% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $1.6B |
| Return on Equity (TTM) | 94.8% |
| Book / Price | 3.4% |
| Gross Margin (TTM) | 70.6% |
| FCF Margin (TTM) | 22.3% |
| Debt / Equity | 1.30 |
| Quality Score | 5/6 — high quality (12y DCF) |
| Market-Implied Growth | +15.7% (reverse-DCF on current price) |
| SMA 50 | $203.00 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $218.65 |
| Bollinger Width / SMA20 | 10.9% (drives anchor stability) |
| Net Debt | $0.4B |
| Market Cap | $43B |
Peers used for multiples: AAPL, ANET, AVGO, CSCO, MSFT, MU, NVDA, QCOM
60-Day Conviction
99%
20-Day Fair Value
≈ by Nov 20, 2026
$220.07
α +3.6%
rank 80%
conviction
99%
40-Day Fair Value
≈ by Dec 21, 2026
$222.17
α +4.5%
rank 72%
conviction
97%
60-Day Fair Value
≈ by Jan 19, 2027
$227.02
α +6.8%
rank 74%
conviction
99%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $262.28 | 19% | |
| DDM (Gordon) | $34.33 | 0% | |
| Peer P/E | $238.81 | 9% | median 30.6× · 8 peers |
| Peer EV/EBITDA | $286.52 | 9% | median 24.9× · 8 peers |
| Peer P/B | $90.97 | 2% | median 12.2× · 8 peers |
| Peer P/S | $456.95 | 6% | median 11.3× · 8 peers |
| Market Anchor (SMA50) | $203.00 | 37% | stability 95% (BB-width) |
| Options Expected (B-L 30d) | $217.86 | 19% | 32 strikes · skew +0.28 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- COMPUTER STORAGE DEVICES (3572) · industry map
- Exchange
- XNAS
- Market Cap
- $42.7B
- Employees
- 11,700
- List Date
- 1995-11-21
- CIK
- 0001002047
- Next Earnings
- 2026-11-24 (After-Close)
- EPS Forecast
- $2.13 (8 est.)
- Headquarters
- San Jose, CA
- Homepage
- https://www.netapp.com
NetApp Inc is storage hardware provider into a software-driven, cloud-centric data infrastructure company. Its flagship ONTAP data management software, together with a comprehensive portfolio of all-flash, hybrid-flash, and cloud-native solutions, forms the backbone of digital transformation for thousands of enterprises world'wide. Its operations are organized into two segments Hybrid Cloud and Public Cloud. It generates majority of revenue from Hybrid Cloud offers a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data cent…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.44% | -6.36% | 8.95% | 1.15% | 5.33% | -9.51% | 0.33% |
| Feb | -5.27% | -9.92% | -3.81% | 1.91% | -16.63% | 1.61% | -5.35% |
| Mar | 11.41% | 7.33% | -1.16% | -0.32% | -8.24% | 2.24% | 1.88% |
| Apr | 1.41% | -10.89% | -2.03% | -2.69% | 0.29% | 8.56% | -0.89% |
| May | 4.12% | -2.77% | 4.18% | 19.25% | 10.51% | 55.50% | 15.13% |
| Jun | 6.66% | -10.03% | 6.17% | 8.27% | 7.88% | -13.88% | 0.84% |
| Jul | -2.89% | 13.62% | 2.04% | -2.50% | -2.40% | 13.64% | 3.58% |
| Aug | 10.98% | 0.24% | -2.75% | -1.46% | 11.56% | 1.30% | 3.31% |
| Sep | 0.49% | -14.29% | -2.22% | 3.83% | 2.68% | 14.70% | 0.87% |
| Oct | -1.41% | 8.00% | -3.98% | -4.95% | -0.61% | -1.18%* | -0.69% |
| Nov | -1.38% | -4.80% | 24.59% | 5.63% | -4.60% | -- | 3.89% |
| Dec | 2.83% | -11.77% | -3.42% | -5.85% | -4.61% | -- | -4.56% |
| Total | 31.84% | -37.51% | 25.84% | 21.73% | -2.58% | 78.32% | 19.61% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $219.41
SMA 50: $203.21
SMA 200: $146.72
Current: $212.51
EMA 12: $216.57
EMA 26: $213.08
MACD: 3.4940 | Signal: -2.9075
BULLISH
ADX (14): 25.05
TREND
+DI: 22.28
−DI: 27.98
Momentum Oscillators
RSI (14): 49.86
NEUTRAL
Stoch %K: 27.86
Stoch %D: 20.94
Williams %R: -74.02
Volume & Volatility
BB Upper: $243.79
BB Lower: $195.04
NEUTRAL
OBV: 39,769,110
Vol SMA 20: 2,558,086
Vol ROC: -27.65%
ATR: $9.16
True Range: $12.12
HV 20: 48.9%
HV 30: 50.7%
HV 60: 43.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
SYMBOL: NTAP
Executive Summary: Overall assessment: BULLISH (confidence level: 8/10)
Key drivers: Positive news sentiment, technical momentum signals, and institutional interest.
Primary risks: High volatility, potential earnings miss, and regulatory issues.
Investment thesis: NetApp's (NTAP) recent price surge is driven by a combination of positive news headlines, technical momentum indicators, and institutional interest. The stock has been trending higher since May 2026, with the current price above its short-term and medium-term moving averages. The options market is pricing in a $24.85 move by expiration, indicating high volatility.
Recent news sentiment impact: The recent news headlines have been overwhelmingly positive, with stories about NetApp's strong AI sales, partnerships, and product launches driving investor enthusiasm. This has contributed to the stock's upward momentum and increased buying pressure.
Technical Analysis:
- Trend Direction: Short-term (1-4 weeks): Uptrend, Medium-term (1-3 months): Uptrend, Long-term (3-12 months): Neutral
- Support/Resistance Levels: Key price levels from moving averages and technical patterns:
- Upper Bollinger Band: $209.29
- Middle Band: $193.90
- Lower Band: $178.51
- Momentum Signals:
- RSI interpretation: Neutral (53.45)
- MACD signal: Bullish (4.81 / -2.20 / 7.01)
- Bollinger Bands position: Squeeze
News & Sentiment Analysis:
- Recent Headlines Summary: Positive news headlines about NetApp's strong AI sales, partnerships, and product launches.
- Sentiment Assessment: Aggregate news sentiment: POSITIVE
- Catalyst Identification: Upcoming earnings release (no specific date available)
Risk & Volatility Assessment:
- Beta Interpretation: Risk relative to market (beta >1.2 = high risk): High-risk stock with a beta of 1.29.
- Volatility Regime: Current vs historical volatility levels:
- Historical volatility: HV20 39.4%, HV30 35.2%, HV60 42.9%
- Current volatility: IV Premium vs HV30: 177.3% (positive = implied richer than realized)
- Options Market Signals: IV rank: 66.7% (Medium), Put/Call volume ratio: 0.09 (Bullish sentiment)
Market Context & Positioning:
- Sector Performance: NetApp's performance relative to the sector/market:
- Relative strength vs sector/market: Bullish
- Institutional Activity: Volume patterns suggesting institutional interest:
- Volume SMA 20: 2380963.95, OBV: 33991534.02, Volume Rate of Change: -37.45%
- Correlation Analysis: How stock moves relative to market (R-squared interpretation): High correlation with the market.
Key Levels & Action Items:
- Critical Price Levels: Support/resistance to monitor:
- Upper Bollinger Band: $209.29
- Middle Band: $193.90
- Lower Band: $178.51
- Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Bullish momentum signals above the middle band
- Time-Sensitive Catalysts: Earnings release (no specific date available)
- Risk Management: Stop-loss levels and position sizing considerations:
- Risk-reward ratio: 2.5:1
Please note that this report is based on the provided data, and you should always verify information before making investment decisions.
Generated
News
All NTAP news →
Barclays downgraded Dell, HPE, and NetApp on concerns that enterprise AI adoption is lagging.
HPE stock fell along with Dell and NetApp after Barclays downgraded the enterprise system suppliers, citing AI spending trends. The post Barclays Downgrades HPE, Dell, NetApp On Enterprise AI Spending Trends appeared first on Investor's Business Daily .
NetApp stock is "entering a fundamentally better growth and earnings setup," according to Evercore ISI. The post NetApp Stock Scores Analyst Upgrade To Buy After Big Rally. Here's Why. appeared first on Investor's Business Daily .
NetApp stock is the IBD Stock of the Day, as the enterprise data storage player rallies into its Insight customer conference. The post IBD Stock Of The Day: NetApp's AI-Powered Rally Faces Next Test appeared first on Investor's Business Daily .
Showing 1–10 of 13
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Earnings History
15 of 23 under expected move
Avg Expected Move
8.35%
Avg Actual Move
6.47%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-24 | After-Close | 6.68% | 14.48% | 2.17x | Exceeded |
| 2021-06-02 | After-Close | 5.71% | 2.10% | 0.37x | Within |
| 2021-08-25 | After-Close | 5.51% | 4.72% | 0.86x | Within |
| 2021-11-30 | After-Close | 7.54% | 0.65% | 0.09x | Within |
| 2022-02-23 | After-Close | 7.25% | 5.71% | 0.79x | Within |
| 2022-06-01 | After-Close | 7.71% | 0.54% | 0.07x | Within |
| 2022-08-24 | After-Close | 6.23% | 7.88% | 1.26x | Exceeded |
| 2022-11-29 | After-Close | 6.41% | 5.82% | 0.91x | Within |
| 2023-02-22 | After-Close | 8.49% | 0.59% | 0.07x | Within |
| 2023-05-31 | After-Close | 6.66% | 8.46% | 1.27x | Exceeded |
| 2023-08-23 | After-Close | 5.66% | 1.31% | 0.23x | Within |
| 2023-11-28 | After-Close | 5.57% | 14.63% | 2.63x | Exceeded |
| 2024-02-29 | After-Close | 7.29% | 18.17% | 2.49x | Exceeded |
| 2024-05-30 | After-Close | 8.37% | 3.37% | 0.40x | Within |
| 2024-08-28 | After-Close | 6.94% | 9.64% | 1.39x | Exceeded |
| 2024-11-21 | After-Close | 10.34% | 3.43% | 0.33x | Within |
| 2025-02-27 | After-Close | 14.42% | 15.57% | 1.08x | Exceeded |
| 2025-05-29 | After-Close | 8.44% | 0.05% | 0.01x | Within |
| 2025-08-27 | After-Close | 9.85% | 4.54% | 0.46x | Within |
| 2025-11-25 | After-Close | 8.59% | 2.00% | 0.23x | Within |
| 2026-02-26 | After-Close | 10.79% | 0.11% | 0.01x | Within |
| 2026-05-28 | After-Close | 14.89% | 22.39% | 1.50x | Exceeded |
| 2026-09-02 | After-Close | 12.78% | 2.55% | 0.20x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
NTAP Options Activity & IV Rank
NTAP IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 50.5%
7-DTE IV: —
Expected Move: $23.80
7-DTE Move: $23.80
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 458
Put Volume: 262
P/C Volume: 0.572
BULLISH
Call OI: 6,399
Put OI: 4,071
P/C OI: 0.636
Total OI: 10,470
ATM Options Pricing
ATM Call: $13.50
ATM Put: $10.30
Call %: 6.4%
Put %: 4.8%
Chain Summary
Chain Volume: 4,747
Chain OI: 45,841
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 39th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
39%
vs own history
GEX tilt
+0.21
OI-weighted, today
Vanna tilt
+0.28
δ-sensitivity to IV
Charm tilt
-0.37
δ-decay vs time
Charm tilt -0.37: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 53 ATM contracts, 17k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 22 · No data
30 DTE / 10d
50%
+6.0
pts
EXTREME
as of Oct 22 · ATM 49.6% / Wing 55.6%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)40.9MediumOct 22
Straddle Price (30 DTE)$23.80Oct 22
Beta Analysis
Risk Metrics
Beta: 1.3419
Alpha: 50.95%
Correlation: 0.3761
R-Squared: 14.1%
Stock Volatility: 45.5%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own NTAP
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $116.8M | #357 of 6285 | +964.0% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $48.9M | #622 of 3716 | -57.3% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $19.0M | #718 of 3138 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $3.6M | #1116 of 4729 | +30.7% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $3.0M | #593 of 997 | -82.7% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
NTAP Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 200,250,000 (as of 2026-07-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
27 filers$296.16M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $74.42M | 25.13% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $42.02M | 14.19% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $35.12M | 11.86% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $32.38M | 10.93% | 2026-06-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $21.65M | 7.31% | 2026-06-30 |
| 6 | PEAK6 LLC | $21.19M | 7.15% | 2026-06-30 |
| 7 | Walleye Trading LLC | $18.20M | 6.15% | 2026-06-30 |
| 8 | TUDOR INVESTMENT CORP ET AL | $10.32M | 3.49% | 2026-06-30 |
| 9 | Squarepoint Ops LLC | $8.12M | 2.74% | 2026-06-30 |
| 10 | Millennium Management LLC Custodian | $7.83M | 2.64% | 2026-06-30 |
| 11 | Simplex Trading, LLC Custodian | $7.51M | 2.53% | 2026-06-30 |
| 12 | Parallax Volatility Advisers, L.P. | $3.87M | 1.31% | 2026-06-30 |
| 13 | Walleye Capital LLC | $3.71M | 1.25% | 2026-06-30 |
| 14 | Point72 Asset Management, L.P. | $2.03M | 0.68% | 2026-06-30 |
| 15 | Verition Fund Management LLC | $1.75M | 0.59% | 2026-06-30 |
| 16 | DRW Securities, LLC | $1.30M | 0.44% | 2026-06-30 |
| 17 | SYMMETRY PEAK MANAGEMENT LLC | $1.16M | 0.39% | 2026-06-30 |
| 18 | Cubist Systematic Strategies, LLC | $1.07M | 0.36% | 2025-09-30 |
| 19 | Sender Co & Partners, Inc. | $696.42K | 0.24% | 2026-06-30 |
| 20 | BNP Paribas Financial Markets Custodian | $464.28K | 0.16% | 2026-06-30 |
| 21 | UBS Group AG Custodian | $355.95K | 0.12% | 2026-06-30 |
| 22 | CAPSTONE INVESTMENT ADVISORS, LLC | $278.57K | 0.09% | 2026-06-30 |
| 23 | Twin Tree Management, LP | $247.62K | 0.08% | 2026-06-30 |
| 24 | Two Sigma Investments, LP Custodian | $232.14K | 0.08% | 2026-06-30 |
| 25 | Qube Research & Technologies Ltd | $216.66K | 0.07% | 2026-06-30 |
21 filers$208.33M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Goldman Sachs Group Inc Custodian | $63.88M | 30.66% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $40.52M | 19.45% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $31.43M | 15.09% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $20.10M | 9.65% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $8.77M | 4.21% | 2026-06-30 |
| 6 | Millennium Management LLC Custodian | $7.32M | 3.51% | 2026-06-30 |
| 7 | Squarepoint Ops LLC | $6.14M | 2.95% | 2026-06-30 |
| 8 | Walleye Trading LLC | $4.95M | 2.38% | 2026-06-30 |
| 9 | Simplex Trading, LLC Custodian | $4.80M | 2.30% | 2026-06-30 |
| 10 | GROUP ONE TRADING LLC Custodian | $4.50M | 2.16% | 2026-06-30 |
| 11 | Twin Tree Management, LP | $4.47M | 2.15% | 2026-06-30 |
| 12 | Verition Fund Management LLC | $2.71M | 1.30% | 2026-06-30 |
| 13 | Walleye Capital LLC | $2.18M | 1.05% | 2026-06-30 |
| 14 | Point72 Asset Management, L.P. | $1.50M | 0.72% | 2026-06-30 |
| 15 | Cubist Systematic Strategies, LLC | $1.43M | 0.69% | 2025-09-30 |
| 16 | PEAK6 LLC | $1.07M | 0.51% | 2026-06-30 |
| 17 | CAPSTONE INVESTMENT ADVISORS, LLC | $990.46K | 0.48% | 2026-06-30 |
| 18 | TUDOR INVESTMENT CORP ET AL | $727.37K | 0.35% | 2026-06-30 |
| 19 | BNP Paribas Financial Markets Custodian | $464.28K | 0.22% | 2026-06-30 |
| 20 | Compound Planning, Inc. | $309.52K | 0.15% | 2026-06-30 |
| 21 | Point72 (DIFC) Ltd | $47.38K | 0.02% | 2025-09-30 |
NTAP Insider Trading (Form 4)
Latest: 2026-10-19Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-19 | Cesar Cernuda | President | Mixed | +978 | $222.20 | -$193.1K | EDGAR |
| 2026-10-19 | George Kurian | CEO | Mixed | +1,812 | $222.20 | -$410.0K | EDGAR |
| 2026-10-19 | Syam Nair | EVP, Chief Product Officer | Mixed | +1,120 | $222.20 | -$161.5K | EDGAR |
| 2026-10-19 | Wissam G Jabre | EVP, CFO | Mixed | +858 | $222.20 | -$194.2K | EDGAR |
| 2026-10-19 | Elizabeth M O'Callahan | EVP, Chief Admin. Officer | Mixed | +686 | $222.20 | -$155.3K | EDGAR |
| 2026-10-19 | Daniel De Lorenzo | SVP, Chief Accounting Officer | Mixed | +521 | $222.20 | -$63.8K | EDGAR |
| 2026-10-14 | Elizabeth M O'Callahan | EVP, Chief Admin. Officer | Sell (S) | −1,000 | $237.42 | -$237.4K | EDGAR |
| 2026-10-06 | Carrie Palin | Director | Sell (S) | −5,000 | $216.43 | -$1.08M | EDGAR |
| 2026-10-05 | Gerald Held | Director | Sell (S) | −5,757 | $212.00 | -$1.22M | EDGAR |
| 2026-10-05 | George Kurian | CEO | Sell (S) | −10,000 | $210.04 | -$2.10M | EDGAR |
| 2026-10-01 | George Kurian | CEO | Sell (S) | −50,000 | $209.95 | -$10.50M | EDGAR |
| 2026-09-28 | George Kurian | CEO | Sell (S) | −37,000 | $199.95 | -$7.40M | EDGAR |
| 2026-09-23 | Deepak Ahuja | Director | Sell (S) | −3,450 | $200.00 | -$690.0K | EDGAR |
| 2026-09-23 | George Kurian | CEO | Sell (S) | −13,000 | $200.01 | -$2.60M | EDGAR |
| 2026-09-16 | Deepak Ahuja | Director | Sell (S) | −3,526 | $194.04 | -$684.2K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
NTAP Insider Holdings
17 insiders · @ $212.51
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | George Kurian | CEO | 212,194 | $45.09M | -$99.46M | 147 | 2026-10-19 |
| 2 | Michael J Berry | EVP, CFO | 196,628 | $41.79M | -$15.31M | 41 | 2025-03-06 |
| 3 | Harvinder S Bhela | EVP, Chief Product Officer | 164,826 | $35.03M | $0 | 19 | 2025-05-20 |
| 4 | Cesar Cernuda | President | 48,377 | $10.28M | -$35.09M | 55 | 2026-10-19 |
| 5 | Wissam G Jabre | EVP, CFO | 40,342 | $8.57M | $0 | 8 | 2026-10-19 |
| 6 | Syam Nair | EVP, Chief Product Officer | 37,814 | $8.04M | $0 | 5 | 2026-10-19 |
| 7 | Scott F. Schenkel | Director | 30,509 | $6.48M | $0 | 9 | 2025-09-11 |
| 8 | Elizabeth M O'Callahan | EVP, Chief Admin. Officer | 30,423 | $6.47M | -$3.92M | 72 | 2026-10-19 |
| 9 | Deborah Kerr | Director | 27,360 | $5.81M | $0 | 10 | 2026-09-10 |
| 10 | Anders Gustafsson | Director | 13,756 | $2.92M | $499.6K | 5 | 2026-09-10 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
NTAP Board & Officers
As of SEC filings through Oct 19, 2026Directors 10
- Gerald Held · since Dec 17, 2009
- Thomas Michael Nevens · since Dec 17, 2009
- George Kurian · listed since Jun 2015
- Deborah Kerr · since Nov 9, 2017
- Deepak Ahuja · since Jan 31, 2020
- Carrie Palin · since Feb 4, 2021
- Anders Gustafsson · since Nov 15, 2023
- June Yang · since Sep 11, 2024
- Francis J. Pelzer · since Mar 21, 2025
- Paul Fipps · since Jan 12, 2026
Officers 6
- George Kurian · CEO · listed since Oct 2017
- Cesar Cernuda · President · since Jul 1, 2020
- Wissam G Jabre · EVP, CFO · since Mar 10, 2025
- Elizabeth M O'Callahan · EVP, Chief Admin. Officer · listed since Mar 2025
- Syam Nair · EVP, Chief Product Officer · since Jul 7, 2025
- Daniel De Lorenzo · SVP, Chief Accounting Officer · listed since Jul 2026
Changes in the last 10 years (44)
| Jul 2, 2026 | Daniel De Lorenzo listed as SVP, Chief Accounting Officer (previously VP, Controller & CAO) in SEC filings |
| Jan 12, 2026 | Paul Fipps became a director |
| Sep 11, 2025 | Scott F. Schenkel reported in an SEC filing no longer being a director |
| Jul 7, 2025 | Syam Nair became EVP, Chief Product Officer |
| May 23, 2025 | The company announced the departure of Harvinder S Bhela as EVP, Chief Product Officer in an SEC filing |
| Mar 21, 2025 | Francis J. Pelzer became a director |
| Mar 11, 2025 | Elizabeth M O'Callahan listed as EVP, Chief Admin. Officer (previously EVP, Chief Legal Officer) in SEC filings |
| Mar 10, 2025 | Wissam G Jabre became EVP, CFO |
| Sep 12, 2024 | Kathryn Hill reported in an SEC filing no longer being a director |
| Sep 12, 2024 | George T Shaheen reported in an SEC filing no longer being a director |
| Sep 11, 2024 | June Yang became a director |
| Aug 22, 2024 | The company announced the departure of Michael J Berry as EVP, CFO in an SEC filing |
| Apr 8, 2024 | Daniel De Lorenzo became VP, Controller & CAO |
| Mar 14, 2024 | Michael J Berry listed as EVP, CFO (previously EVP Finance & Operations, CFO) in SEC filings |
| Nov 15, 2023 | Anders Gustafsson became a director |
| Sep 15, 2023 | Robert Parks left as Chief Accounting Officer, per their own SEC filing |
| May 16, 2022 | Robert Parks listed as Chief Accounting Officer (previously VP, Chief Accounting Officer) in SEC filings |
| May 16, 2022 | Elizabeth M O'Callahan listed as EVP, Chief Legal Officer (previously EVP, GC and Secretary) in SEC filings |
| Feb 17, 2022 | Brad Anderson reported in an SEC filing no longer being EVP, SSSBU and CIBU |
| Feb 3, 2022 | Harvinder S Bhela became EVP, Chief Product Officer |
| Feb 3, 2022 | Elizabeth M O'Callahan became EVP, GC and Secretary |
| Jul 6, 2021 | Matthew K Fawcett listed as EVP, GC & Secretary (previously SVP, GC & Secretary) in SEC filings |
| Feb 4, 2021 | Robert Parks became VP, Chief Accounting Officer |
| Feb 4, 2021 | Carrie Palin became a director |
| Sep 17, 2020 | Scott R. Allen reported in an SEC filing no longer being SVP, Chief Accounting Officer |
| Jul 1, 2020 | Cesar Cernuda became President |
| Jun 3, 2020 | Ronald J Pasek reported in an SEC filing no longer being EVP Finance & Operations, CFO |
| Jun 3, 2020 | Henri P Richard reported in an SEC filing no longer being EVP, Go To Market |
| Mar 16, 2020 | Michael J Berry became EVP Finance & Operations, CFO |
| Jan 31, 2020 | Deepak Ahuja became a director |
| Sep 13, 2019 | Richard P Wallace reported in an SEC filing no longer being a director |
| Aug 22, 2019 | Joel D Reich reported in an SEC filing no longer being Exec VP, Product Operations |
| Aug 14, 2019 | Scott R. Allen became SVP, Chief Accounting Officer |
| Aug 14, 2019 | Brad Anderson became EVP, SSSBU and CIBU |
| Sep 14, 2018 | Alan L Earhart reported in an SEC filing no longer being a director |
| Feb 16, 2018 | Stephen M Smith reported in an SEC filing no longer being a director |
| Nov 9, 2017 | Scott F. Schenkel became a director |
| Nov 9, 2017 | Deborah Kerr became a director |
| Nov 3, 2017 | Henri P Richard listed as EVP, Go To Market (previously EVP, WW Field and Customer Ops) in SEC filings |
| Oct 17, 2017 | George Kurian listed as CEO (previously CEO and President) in SEC filings |
| Sep 15, 2017 | Robert T Wall reported in an SEC filing no longer being a director |
| Sep 15, 2017 | Jeffry R Allen reported in an SEC filing no longer being a director |
| Jun 5, 2017 | Henri P Richard listed as EVP, WW Field and Customer Ops (previously EVP, WW Sales and Customer OPS) in SEC filings |
| Jun 5, 2017 | George Kurian listed as CEO and President (previously CEO) in SEC filings |
Not reported recently (1)
- Matthew K Fawcett · Last reported as EVP, GC & Secretary in an SEC filing dated Dec 9, 2021
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
NTAP Proposed Insider Sales (Form 144)
Latest: 2026-10-13
? Form 144 Guide
Last 30d:
8 filings
· $25.8M notice value
· Last 90d:
14 filings
· $36.2M notice value
· 7 unique filers
· 79% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
GEORGE KURIAN (5, $30.3M) · DEEPAK AHUJA (2, $1.4M) · GERALD D HELD (1, $1.2M) · Thomas Michael Nevens (1, $1.1M) · CARRIE PALIN (1, $1.1M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-13 | ELIZABETH O'CALLAHAN | Officer | 1,000 | $237.4K | 2026-10-12 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-10-02 | CARRIE PALIN | Director | 5,000 | $1.08M | 2026-10-02 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-10-01 | GERALD D HELD | Director | 5,757 | $1.22M | 2026-10-01 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-10-01 | GEORGE KURIAN | Officer, Director | 10,000 | $2.10M | 2026-10-01 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-29 | GEORGE KURIAN | Officer, Director | 50,000 | $10.50M | 2026-09-29 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-24 | GEORGE KURIAN | Officer, Director | 37,000 | $7.40M | 2026-09-24 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-21 | GEORGE KURIAN | Officer, Director | 13,000 | $2.60M | 2026-09-21 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-21 | DEEPAK AHUJA | Director | 3,450 | $690.0K | 2026-09-21 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-14 | GEORGE KURIAN | Officer, Director | 40,000 | $7.66M | 2026-09-14 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-14 | DEEPAK AHUJA | Director | 3,526 | $684.2K | 2026-09-14 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-06-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-28 | 0001193125-26-245196 | EDGAR |
| 2026-02-26 | 0001193125-26-076545 | EDGAR |
| 2026-01-12 | 0001193125-26-010401 | EDGAR |
| 2025-11-25 | 0001193125-25-297164 | EDGAR |
| 2025-09-15 | 0001193125-25-202408 | EDGAR |
| 2025-08-27 | 0000950170-25-111700 | EDGAR |
| 2025-05-29 | 0000950170-25-078936 | EDGAR |
| 2025-03-26 | 0000950170-25-045244 | EDGAR |
| 2025-03-17 | 0001193125-25-055656 | EDGAR |
| 2025-03-05 | 0001193125-25-047187 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-06-05 | 0001193125-26-259683 | EDGAR |
| 2025-06-09 | 0000950170-25-083705 | EDGAR |
| 2024-06-10 | 0000950170-24-071327 | EDGAR |
| 2023-06-14 | 0000950170-23-027948 | EDGAR |
| 2022-06-16 | 0000950170-22-011708 | EDGAR |
| 2021-06-21 | 0001564590-21-033645 | EDGAR |
| 2020-06-15 | 0001564590-20-029349 | EDGAR |
| 2019-06-18 | 0001564590-19-022779 | EDGAR |
| 2018-06-19 | 0001564590-18-015820 | EDGAR |
| 2017-06-20 | 0001564590-17-012758 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-26 | 0001193125-26-076622 | EDGAR |
| 2025-11-25 | 0001193125-25-297237 | EDGAR |
| 2025-08-27 | 0001193125-25-189700 | EDGAR |
| 2025-02-27 | 0000950170-25-029066 | EDGAR |
| 2024-11-25 | 0000950170-24-130551 | EDGAR |
| 2024-08-28 | 0000950170-24-101408 | EDGAR |
| 2024-02-29 | 0000950170-24-023115 | EDGAR |
| 2023-11-30 | 0000950170-23-067033 | EDGAR |
| 2023-08-29 | 0000950170-23-045061 | EDGAR |
| 2023-03-01 | 0000950170-23-005545 | EDGAR |
ETF Holders
385 ETFs hold NTAP
25 shown · $7.80B total exposure · 0.11% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.06% | $1.3B | — | 2026-09-30 |
| 2 | VOO Vanguard S&P 500 ETF | Vanguard | 0.06% | $1.1B | — | 2026-09-30 |
| 3 | VO Vanguard Morningstar Mid-Cap ETF | Vanguard | 0.41% | $882.8M | — | 2026-09-30 |
| 4 | IVV iShares Core S&P 500 ETF | iShares (BlackRock) | 0.06% | $565.9M | $878.4B | 2026-10-21 |
| 5 | SPY State Street® SPDR® S&P 500® ETF Trust | SPDR (State Street) | 0.06% | $522.9M | $820.7B | 2026-10-21 |
| 6 | CIBR First Trust Nasdaq Cybersecurity ETF | First Trust | 2.27% | $404.7M | $17.8B | 2026-10-21 |
| 7 | VTV Vanguard Morningstar Value ETF | Vanguard | 0.16% | $392.7M | — | 2026-09-30 |
| 8 | VGT Vanguard Information Technology ETF | Vanguard | 0.19% | $347.4M | — | 2026-09-30 |
| 9 | XLK State Street® Technology Select Sector SPDR® ETF | SPDR (State Street) | 0.25% | $310.9M | $124.2B | 2026-10-21 |
| 10 | VOE Vanguard Morningstar Mid-Cap Value ETF | Vanguard | 0.70% | $257.4M | — | 2026-09-30 |
| 11 | RSP Invesco S&P 500 Equal Weight ETF | Invesco | 0.23% | $230.8M | — | 2026-10-21 |
| 12 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.31% | $179.0M | $57.2B | 2026-10-21 |
| 13 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.18% | $168.1M | — | 2026-09-30 |
| 14 | QUAL iShares MSCI USA Quality Factor ETF | iShares (BlackRock) | 0.28% | $136.6M | $48.7B | 2026-10-21 |
| 15 | SPYM State Street® SPDR® Portfolio S&P 500® ETF | SPDR (State Street) | 0.06% | $117.5M | $184.5B | 2026-10-21 |
| 16 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.13% | $116.9M | — | 2026-10-21 |
| 17 | SPHQ Invesco S&P 500 Quality ETF | Invesco | 0.58% | $109.5M | — | 2026-10-21 |
| 18 | COWZ Pacer US Cash Cows 100 ETF | Nport | 0.59% | $106.6M | — | 2026-04-30 |
| 19 | SDVY First Trust SMID Cap Rising Dividend Achievers ETF | First Trust | 0.92% | $101.8M | $11.1B | 2026-10-21 |
| 20 | RSPT Invesco S&P 500 Equal Weight Technology ETF | Invesco | 1.54% | $94.3M | — | 2026-10-21 |
| 21 | DUHP Dimensional US High Profitability ETF | Dimensional | 0.44% | $85.8M | — | 2026-10-21 |
| 22 | IWP iShares Russell Mid-Cap Growth ETF | iShares (BlackRock) | 0.44% | $85.4M | $18.7B | 2026-10-21 |
| 23 | VFLO VictoryShares Free Cash Flow ETF | Nport | 1.04% | $80.6M | — | 2026-06-30 |
| 24 | MTUM iShares MSCI USA Momentum Factor ETF | iShares (BlackRock) | 0.39% | $72.9M | $18.1B | 2026-10-21 |
| 25 | IVE iShares S&P 500 Value ETF | iShares (BlackRock) | 0.14% | $70.9M | $50.7B | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$7.09
TTM Revenue
$7.39B
TTM Net Income
$1.42B
TTM Op. Cash Flow
$1.90B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '27 | 2026-07-31 | $2.02B | $375.00M | $1.88 | $503.00M |
| Q4 '26 | 2026-04-24 | $1.95B | $404.00M | $2.03 | $950.00M |
| Q3 '26 | 2026-01-23 | $1.71B | $334.00M | $1.67 | $317.00M |
| Q2 '26 | 2025-10-24 | $1.71B | $305.00M | $1.51 | $127.00M |
| Q1 '26 | 2025-07-25 | $1.56B | $233.00M | $1.15 | $673.00M |
| Q4 '25 | 2025-04-25 | $1.73B | $340.00M | $1.64 | $675.00M |
| Q3 '25 | 2025-01-24 | $1.64B | $299.00M | $1.44 | $385.00M |
| Q2 '25 | 2024-10-25 | $1.66B | $299.00M | $1.42 | $105.00M |
| Q1 '25 | 2024-07-26 | $1.54B | $248.00M | $1.17 | $341.00M |
| Q4 '24 | 2024-04-26 | $1.67B | $291.00M | $1.37 | $613.00M |
| Q3 '24 | 2024-01-26 | $1.61B | $313.00M | $1.48 | $484.00M |
| Q2 '24 | 2023-10-27 | $1.56B | $233.00M | $1.10 | $135.00M |
Q1 2027 • period ending 2026-07-31 • filed 2026-09-02
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
29.97
P/B
28.46
P/S
5.76
EV/EBITDA
20.38
EV/Sales
5.81
ROE
94.8%
ROA
12.9%
Div Yield
0.96%
FCF Yield
4.46%
Debt/Equity
1.30
Current Ratio
—
Market Cap
$42.56B
as of 2026-10-22
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
10.69M
SI % of Float
5.47%
Days to Cover
4.40
Short Vol Ratio
49.7%
Free Float
195.59M
Float %
99.6%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-09-22