Insider Selling: NETGEAR, Inc. (NASDAQ:NTGR) SVP Sells $66,225.00 in Stock
NETGEAR, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 23,703 shares in the company, valued at approximately $1,046,487.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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. (NTGR) traded up 0.400% during mid-day trading on Monday, hitting $43.925. The company had a trading volume of 36,351 shares. NETGEAR, Inc. has a 52-week low of $41.50 and a 52-week high of $60.82. The firm has a market cap of $1.43 billion, a P/E ratio of 19.804 and a beta of 1.53. The stock’s 50 day moving average price is $43.72 and its 200 day moving average price is $50.76.
NETGEAR (NASDAQ:NTGR) last posted its earnings results on Wednesday, April 26th. The communications equipment provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. NETGEAR had a return on equity of 11.30% and a net margin of 5.61%. The firm had revenue of $323.70 million for the quarter, compared to analysts’ expectations of $309.48 million. During the same period last year, the firm earned $0.74 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that NETGEAR, Inc. will post $2.61 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of NTGR. 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 in 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 in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in NETGEAR during the first quarter valued at approximately $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 in 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 in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.
A number of research analysts have recently issued reports on NTGR shares. Off Wall Street reissued a “sell” rating and issued a $36.00 target price 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 target price on shares of NETGEAR in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $62.48.
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.
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