Shravan Goli Sells 2,047 Shares of NETGEAR (NASDAQ:NTGR) Stock

Key Points

• Director Shravan Goli sold 2,047 shares of NETGEAR stock on September 29th for a total of $61,307.65, reducing his ownership by 6.54%.
• NETGEAR's stock rose $1.35 to $33.74 on Wednesday, with a 52-week high of $33.93 and a market cap of $978.80 million.
• NETGEAR reported a profit of $0.06 EPS for the latest quarter, surpassing estimates, with a revenue increase of 18.5% year-over-year.

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) Director Shravan Goli sold 2,047 shares of the business's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $29.95, for a total transaction of $61,307.65. Following the completion of the sale, the director owned 29,238 shares in the company, valued at $875,678.10. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shravan Goli also recently made the following trade(s):

• On Friday, August 22nd, Shravan Goli sold 11,757 shares of NETGEAR stock. The shares were sold at an average price of $26.11, for a total transaction of $306,975.27.

NETGEAR Price Performance

NTGR traded up $1.35 on Wednesday, reaching $33.74. 646,755 shares of the company traded hands, compared to its average volume of 343,558. The stock's 50 day moving average price is $26.97 and its 200-day moving average price is $26.85. NETGEAR, Inc. has a 52-week low of $18.75 and a 52-week high of $33.93. The company has a market cap of $978.80 million, a price-to-earnings ratio of 15.62 and a beta of 1.09.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.22. The company had revenue of $170.53 million for the quarter, compared to analyst estimates of $162.06 million. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. NETGEAR's quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.74) EPS. NETGEAR has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in NETGEAR in the 2nd quarter valued at $58,000. Rexford Capital Inc. bought a new stake in shares of NETGEAR during the 2nd quarter worth $58,000. CWM LLC raised its stake in 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 acquiring an additional 763 shares during the period. Headlands Technologies LLC increased its position in shares of NETGEAR by 19.6% during the first quarter. Headlands Technologies LLC now owns 3,010 shares of the communications equipment provider's stock valued at $74,000 after buying an additional 494 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of NETGEAR by 35.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,475 shares of the communications equipment provider's stock valued at $101,000 after buying an additional 904 shares during the period. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NTGR shares. Stifel Nicolaus started coverage on shares of NETGEAR in a report on Friday, August 22nd. They set a "buy" rating and a $35.00 price target for the company. UBS Group set a $35.00 price target on shares of NETGEAR in a research report on Thursday, August 21st. Finally, Wall Street Zen cut shares of NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $33.00.

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.

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