Insider Selling: NetGear, Inc. (NTGR) SVP Sells 5,000 Shares of Stock

NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 5,000 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $69.40, for a total value of $347,000.00. Following the completion of the sale, the senior vice president now directly owns 27,281 shares of the company’s stock, valued at approximately $1,893,301.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, January 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The stock was sold at an average price of $59.40, for a total value of $89,100.00.
  • On Friday, December 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The stock was sold at an average price of $51.40, for a total value of $77,100.00.
  • On Wednesday, November 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The stock was sold at an average price of $45.40, for a total value of $68,100.00.

NetGear, Inc. (NTGR) traded up $2.05 on Monday, reaching $70.75. The company had a trading volume of 432,800 shares, compared to its average volume of 604,277. The firm has a market capitalization of $2,210.00, a PE ratio of 32.16 and a beta of 1.53. NetGear, Inc. has a 52-week low of $41.50 and a 52-week high of $71.00.

NetGear (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The firm had revenue of $355.48 million during the quarter, compared to analysts’ expectations of $349.36 million. NetGear had a return on equity of 10.57% and a net margin of 5.33%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. equities analysts anticipate that NetGear, Inc. will post 2.25 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in NetGear by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,206 shares of the communications equipment provider’s stock valued at $138,000 after purchasing an additional 482 shares during the last quarter. Amalgamated Bank bought a new position in NetGear during the third quarter valued at about $207,000. M&T Bank Corp raised its holdings in NetGear by 31.5% during the second quarter. M&T Bank Corp now owns 5,428 shares of the communications equipment provider’s stock valued at $234,000 after buying an additional 1,300 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in NetGear during the third quarter valued at about $286,000. Finally, Crossmark Global Holdings Inc. bought a new position in NetGear during the third quarter valued at about $301,000. 97.52% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on NTGR shares. BWS Financial raised NetGear from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, October 9th. Zacks Investment Research cut NetGear from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. BidaskClub raised NetGear from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, Raymond James Financial raised NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NetGear has a consensus rating of “Buy” and a consensus price target of $65.20.

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NetGear Company Profile

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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