Tamesa Rogers Sells 2,000 Shares of NetGear, Inc. (NTGR) Stock
NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 2,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $54.20, for a total value of $108,400.00. Following the transaction, the senior vice president now owns 32,102 shares in the company, valued at approximately $1,739,928.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Tamesa Rogers also recently made the following trade(s):
- On Thursday, November 1st, Tamesa Rogers sold 2,000 shares of NetGear stock. The stock was sold at an average price of $55.37, for a total value of $110,740.00.
NASDAQ NTGR opened at $49.55 on Thursday. NetGear, Inc. has a twelve month low of $49.45 and a twelve month high of $78.30. The firm has a market cap of $1.57 billion, a P/E ratio of 21.36 and a beta of 2.08.
NTGR has been the topic of a number of recent research reports. BidaskClub upgraded NetGear from a “hold” rating to a “buy” rating in a research note on Saturday, August 11th. ValuEngine upgraded NetGear from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Raymond James set a $80.00 price objective on NetGear and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Guggenheim restated a “buy” rating on shares of NetGear in a research note on Tuesday, August 28th. Finally, TheStreet lowered NetGear from a “b-” rating to a “c+” rating in a research note on Monday, August 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. NetGear currently has an average rating of “Hold” and an average price target of $70.40.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Laurion Capital Management LP boosted its holdings in shares of NetGear by 169.3% during the 2nd quarter. Laurion Capital Management LP now owns 18,800 shares of the communications equipment provider’s stock valued at $1,175,000 after acquiring an additional 11,820 shares in the last quarter. Janus Henderson Group PLC bought a new position in NetGear during the 3rd quarter worth $58,328,000. Water Island Capital LLC bought a new position in NetGear during the 3rd quarter worth $7,641,000. Stevens Capital Management LP bought a new position in NetGear during the 2nd quarter worth $201,000. Finally, Chicago Equity Partners LLC raised its position in NetGear by 91.6% during the 2nd quarter. Chicago Equity Partners LLC now owns 20,980 shares of the communications equipment provider’s stock worth $1,311,000 after purchasing an additional 10,030 shares during the last quarter.
NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.
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