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 NETGEAR 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 completion of the transaction, the director now directly 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 transaction of $124,546.93.

NETGEAR Price Performance

NETGEAR stock traded down $0.09 during trading hours on Monday, hitting $27.35. The company had a trading volume of 457,410 shares, compared to its average volume of 359,214. NETGEAR, Inc. has a fifty-two week low of $13.96 and a fifty-two week high of $31.55. The firm has a market capitalization of $787.19 million, a P/E ratio of 68.38 and a beta of 1.14. The firm's fifty day moving average is $26.97 and its 200-day moving average is $26.38.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.37. The business had revenue of $162.06 million for the quarter, compared to the consensus estimate of $152.24 million. NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. NETGEAR's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.28) earnings per share. Analysts anticipate that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On NETGEAR

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

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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