NETGEAR, Inc. (NASDAQ:NTGR – Get Free Report) CFO Murray Bryan sold 3,848 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the transaction, the chief financial officer now directly owns 193,032 shares of the company’s stock, valued at $4,617,325.44. This represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NETGEAR Stock Performance
Shares of NETGEAR stock opened at $23.70 on Tuesday. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $31.55. The firm has a market cap of $684.20 million, a P/E ratio of 59.25 and a beta of 0.72. The firm’s 50-day simple moving average is $26.66 and its 200-day simple moving average is $24.03.
NETGEAR (NASDAQ:NTGR – Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. On average, equities analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.
Institutional Trading of NETGEAR
Wall Street Analyst Weigh In
NTGR has been the subject of several recent research reports. Raymond James upped their price target on NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com upgraded NETGEAR from a “hold” rating to a “buy” rating in a research note on Thursday, March 13th.
Read Our Latest Stock Report on NTGR
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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