Insider Selling: NETGEAR SVP Sells 5,527 Shares of Stock (NTGR)
NETGEAR (NASDAQ:NTGR) SVP David Soares unloaded 5,527 shares of NETGEAR stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $33.39, for a total transaction of $184,546.53. Following the completion of the transaction, the senior vice president now directly owns 19,400 shares in the company, valued at approximately $647,766. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NTGR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of NETGEAR from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $32.90 price target on the stock. Separately, analysts at RBC Capital upgraded shares of NETGEAR from an “underperform” rating to a “sector perform” rating in a research note to investors on Monday, November 11th. They now have a $30.00 price target on the stock, up previously from $27.00. Finally, analysts at BWS Financial downgraded shares of NETGEAR from a “strong-buy” rating to a “buy” rating in a research note to investors on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.74.
Shares of NETGEAR (NASDAQ:NTGR) traded down 0.48% during mid-day trading on Thursday, hitting $33.32. 195,940 shares of the company’s stock traded hands. NETGEAR has a 52 week low of $26.82 and a 52 week high of $40.97. The stock’s 50-day moving average is $32.31 and its 200-day moving average is $31.12. The company has a market cap of $1.291 billion and a P/E ratio of 21.87.
NETGEAR, Inc is a global networking company that delivers products to consumers, businesses and service providers.
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