NETGEAR SVP Michael F. Falcon Unloads 1,156 Shares (NTGR)
NETGEAR (NASDAQ:NTGR) SVP Michael F. Falcon sold 1,156 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $32.82, for a total transaction of $37,939.92. Following the completion of the sale, the senior vice president now directly owns 19,000 shares in the company, valued at approximately $623,580. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on NTGR shares. 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 research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $33.74.
NETGEAR (NASDAQ:NTGR) traded up 1.23% during mid-day trading on Monday, hitting $32.98. The stock had a trading volume of 389,408 shares. NETGEAR has a 52 week low of $26.82 and a 52 week high of $39.13. The stock has a 50-day moving average of $32.36 and a 200-day moving average of $31.0. The company has a market cap of $1.278 billion and a price-to-earnings ratio of 21.28.
NETGEAR, Inc is a global networking company that delivers products to consumers, businesses and service providers.
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