Insider Selling: NETGEAR, Inc. (NASDAQ:NTGR) Director Sells 4,387 Shares of Stock

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) Director Laura Durr sold 4,387 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.39, for a total transaction of $124,546.93. Following the transaction, the director now directly owns 45,059 shares in the company, valued at approximately $1,279,225.01. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Laura Durr also recently made the following trade(s):

• On Thursday, June 12th, Laura Durr sold 4,388 shares of NETGEAR stock. The shares were sold at an average price of $29.50, for a total transaction of $129,446.00.

NETGEAR Stock Performance

Shares of NASDAQ NTGR traded down $0.09 during mid-day trading on Monday, hitting $27.35. 457,410 shares of the stock traded hands, compared to its average volume of 359,214. The company has a market cap of $787.19 million, a price-to-earnings ratio of 68.38 and a beta of 1.14. The stock has a fifty day moving average price of $26.97 and a 200-day moving average price of $26.38. NETGEAR, Inc. has a 52 week low of $13.96 and a 52 week high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.35) by $0.37. The firm had revenue of $162.06 million for the quarter, compared to analysts' expectations of $152.24 million. NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. The company's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.28) EPS. As a group, sell-side analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Hedge Funds Weigh In On NETGEAR

Several institutional investors and hedge funds have recently modified their holdings of NTGR. Savant Capital LLC bought a new stake in NETGEAR during the 4th quarter valued at about $266,000. Allspring Global Investments Holdings LLC bought a new stake in shares of NETGEAR during the fourth quarter valued at approximately $1,385,000. New York State Teachers Retirement System purchased a new position in NETGEAR in the 4th quarter worth approximately $72,000. Rhumbline Advisers lifted its position in NETGEAR by 32.0% in the 4th quarter. Rhumbline Advisers now owns 69,841 shares of the communications equipment provider's stock valued at $1,946,000 after acquiring an additional 16,920 shares in the last quarter. Finally, Nkcfo LLC purchased a new stake in NETGEAR during the 4th quarter valued at $279,000. 82.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of NETGEAR from a "hold" rating to a "buy" rating in a report on Monday, May 5th.

About NETGEAR

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.

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