Insider Selling: NetGear, Inc. (NTGR) SVP Sells $77,100.00 in Stock
NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,500 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $51.40, for a total value of $77,100.00. Following the sale, the senior vice president now directly owns 23,781 shares in the company, valued at approximately $1,222,343.40. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Tamesa Rogers also recently made the following trade(s):
- On Wednesday, November 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The stock was sold at an average price of $45.40, for a total value of $68,100.00.
- On Monday, October 9th, Tamesa Rogers sold 1,500 shares of NetGear stock. The stock was sold at an average price of $49.80, for a total value of $74,700.00.
NetGear, Inc. (NASDAQ:NTGR) traded up $0.70 during trading hours on Thursday, hitting $54.00. The company’s stock had a trading volume of 932,200 shares, compared to its average volume of 402,055. NetGear, Inc. has a 1 year low of $41.50 and a 1 year high of $58.50. The stock has a market cap of $1,677.35, a PE ratio of 21.41 and a beta of 1.52.
Several large investors have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its holdings in NetGear by 43,220.6% in the 2nd quarter. Royce & Associates LP now owns 779,771 shares of the communications equipment provider’s stock worth $33,608,000 after buying an additional 777,971 shares during the period. Bank of New York Mellon Corp lifted its holdings in NetGear by 33.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,720,748 shares of the communications equipment provider’s stock worth $74,165,000 after buying an additional 429,429 shares during the period. Alliancebernstein L.P. lifted its holdings in NetGear by 28.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,417,760 shares of the communications equipment provider’s stock worth $61,105,000 after buying an additional 311,735 shares during the period. Marshall Wace North America L.P. purchased a new stake in NetGear in the 2nd quarter worth approximately $12,722,000. Finally, First Trust Advisors LP lifted its holdings in NetGear by 34.5% in the 2nd quarter. First Trust Advisors LP now owns 1,154,306 shares of the communications equipment provider’s stock worth $49,751,000 after buying an additional 295,823 shares during the period. 97.52% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on NTGR shares. BWS Financial raised NetGear from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, October 9th. BidaskClub raised NetGear from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Zacks Investment Research cut NetGear from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $62.75.
COPYRIGHT VIOLATION NOTICE: This article was reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/insider-selling-netgear-inc-ntgr-svp-sells-77100-00-in-stock/1763782.html.
NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.
Receive News & Ratings for NetGear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetGear and related companies with MarketBeat.com's FREE daily email newsletter.