NETGEAR, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,500 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $44.15, for a total value of $66,225.00. Following the completion of the sale, the senior vice president now directly owns 23,703 shares of the company’s stock, valued at $1,046,487.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tamesa Rogers also recently made the following trade(s):

  • On Thursday, June 8th, Tamesa Rogers sold 1,500 shares of NETGEAR stock. The shares were sold at an average price of $44.90, for a total value of $67,350.00.

NETGEAR, Inc. (NASDAQ NTGR) traded up 0.34% during trading on Wednesday, hitting $44.45. The stock had a trading volume of 210,791 shares. The stock has a 50-day moving average price of $43.72 and a 200-day moving average price of $50.76. NETGEAR, Inc. has a 52 week low of $41.50 and a 52 week high of $60.82. The company has a market cap of $1.44 billion, a PE ratio of 20.04 and a beta of 1.53.

NETGEAR (NASDAQ:NTGR) last released its earnings results on Wednesday, April 26th. The communications equipment provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. NETGEAR had a net margin of 5.61% and a return on equity of 11.30%. The business had revenue of $323.70 million during the quarter, compared to analysts’ expectations of $309.48 million. During the same quarter last year, the company earned $0.74 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Equities analysts predict that NETGEAR, Inc. will post $2.61 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in NETGEAR by 17.1% in the first quarter. Envestnet Asset Management Inc. now owns 2,080 shares of the communications equipment provider’s stock valued at $103,000 after buying an additional 304 shares during the last quarter. Victory Capital Management Inc. boosted its stake in NETGEAR by 42.8% in the first quarter. Victory Capital Management Inc. now owns 2,724 shares of the communications equipment provider’s stock valued at $135,000 after buying an additional 817 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in NETGEAR during the first quarter valued at $139,000. US Bancorp DE boosted its stake in NETGEAR by 9.2% in the first quarter. US Bancorp DE now owns 3,243 shares of the communications equipment provider’s stock valued at $161,000 after buying an additional 272 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in NETGEAR by 364.8% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 3,500 shares of the communications equipment provider’s stock valued at $173,000 after buying an additional 2,747 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

NTGR has been the subject of several research analyst reports. Off Wall Street reissued a “sell” rating and issued a $36.00 price objective on shares of NETGEAR in a report on Monday, March 27th. Zacks Investment Research raised NETGEAR from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Global Equities Research reissued a “buy” rating and issued a $85.00 price objective on shares of NETGEAR in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $60.81.

About NETGEAR

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

Insider Buying and Selling by Quarter for NETGEAR (NASDAQ:NTGR)

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