NETGEAR, Inc. (NASDAQ:NTGR) CRO Sells $112,314.60 in Stock

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) CRO Michael A. Werdann sold 9,244 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $12.15, for a total transaction of $112,314.60. Following the transaction, the executive now directly owns 79,668 shares of the company's stock, valued at approximately $967,966.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NETGEAR Trading Down 4.7 %

NTGR stock traded down $0.57 during trading on Tuesday, hitting $11.49. The company had a trading volume of 394,901 shares, compared to its average volume of 232,528. The firm has a market capitalization of $334.01 million, a price-to-earnings ratio of -3.04 and a beta of 0.86. The business has a 50 day moving average of $14.73 and a 200 day moving average of $14.10. NETGEAR, Inc. has a fifty-two week low of $10.40 and a fifty-two week high of $15.93.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.04. The business had revenue of $188.67 million during the quarter, compared to the consensus estimate of $185.14 million. NETGEAR had a negative net margin of 15.69% and a negative return on equity of 3.73%. The company's quarterly revenue was down 24.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.21) earnings per share. As a group, equities analysts predict that NETGEAR, Inc. will post -0.16 EPS for the current year.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a "neutral" rating and set a $13.00 price target on shares of NETGEAR in a report on Thursday, May 2nd.

Institutional Investors Weigh In On NETGEAR

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC acquired a new stake in NETGEAR during the 1st quarter worth about $480,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in NETGEAR by 7.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,180 shares of the communications equipment provider's stock worth $1,190,000 after buying an additional 4,816 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in NETGEAR by 229.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,940 shares of the communications equipment provider's stock worth $157,000 after buying an additional 6,921 shares during the period. Quadrature Capital Ltd raised its holdings in NETGEAR by 53.1% during the 4th quarter. Quadrature Capital Ltd now owns 27,482 shares of the communications equipment provider's stock worth $401,000 after buying an additional 9,527 shares during the period. Finally, Pinnacle Holdings LLC raised its holdings in NETGEAR by 11.6% during the 4th quarter. Pinnacle Holdings LLC now owns 37,731 shares of the communications equipment provider's stock worth $550,000 after buying an additional 3,924 shares during the period. 82.97% of the stock is currently owned by institutional investors.

NETGEAR Company Profile

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.