NETGEAR, Inc. (NASDAQ:NTGR) Director Laura Durr Sells 4,388 Shares

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) Director Laura Durr sold 4,388 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $29.50, for a total transaction of $129,446.00. Following the sale, the director now owns 49,446 shares in the company, valued at approximately $1,458,657. This trade represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, June 13th, Laura Durr sold 4,387 shares of NETGEAR stock. The stock was sold at an average price of $28.39, for a total value of $124,546.93.

NETGEAR Stock Down 1.9%

NETGEAR stock traded down $0.52 during trading on Thursday, reaching $26.70. The stock had a trading volume of 266,635 shares, compared to its average volume of 360,460. NETGEAR, Inc. has a 52-week low of $13.96 and a 52-week high of $31.55. The stock has a market cap of $768.48 million, a PE ratio of 32.56 and a beta of 1.14. The business has a 50 day moving average price of $27.27 and a 200 day moving average price of $26.41.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.35) by $0.37. The business had revenue of $162.06 million for the quarter, compared to analyst estimates of $152.24 million. NETGEAR had a net margin of 3.72% and a negative return on equity of 7.63%. The company's revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned ($0.28) EPS. On average, equities analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System purchased a new stake in NETGEAR during the fourth quarter worth approximately $72,000. CWM LLC raised its holdings in NETGEAR by 35.4% during the first quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock worth $71,000 after purchasing an additional 763 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in NETGEAR by 19.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock worth $81,000 after purchasing an additional 479 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of NETGEAR by 19.6% during the 1st quarter. Headlands Technologies LLC now owns 3,010 shares of the communications equipment provider's stock worth $74,000 after buying an additional 494 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of NETGEAR in the 4th quarter valued at $92,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen raised NETGEAR from a "hold" rating to a "buy" rating in a research 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.