NetGear, Inc. (NTGR) SVP Tamesa Rogers Sells 1,986 Shares

NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,986 shares of the stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $37.19, for a total value of $73,859.34. Following the completion of the sale, the senior vice president now directly owns 32,145 shares of the company’s stock, valued at approximately $1,195,472.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tamesa Rogers also recently made the following trade(s):

  • On Monday, December 3rd, Tamesa Rogers sold 2,000 shares of NetGear stock. The shares were sold at an average price of $54.20, for a total value of $108,400.00.
  • On Thursday, November 1st, Tamesa Rogers sold 2,000 shares of NetGear stock. The shares were sold at an average price of $55.37, for a total value of $110,740.00.

NetGear stock traded down $0.01 during mid-day trading on Wednesday, hitting $37.73. The company’s stock had a trading volume of 378,800 shares, compared to its average volume of 562,909. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 16.28 and a beta of 1.86. NetGear, Inc. has a 1 year low of $31.80 and a 1 year high of $78.30.

NetGear (NASDAQ:NTGR) last issued its quarterly earnings data on Thursday, October 25th. The communications equipment provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.25. The company had revenue of $400.59 million during the quarter, compared to analyst estimates of $388.94 million. NetGear had a positive return on equity of 8.75% and a negative net margin of 1.43%. Equities research analysts predict that NetGear, Inc. will post 0.3 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of NTGR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in NetGear by 13.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,594 shares of the communications equipment provider’s stock valued at $477,000 after buying an additional 920 shares in the last quarter. BlueMountain Capital Management LLC raised its stake in NetGear by 20.3% in the third quarter. BlueMountain Capital Management LLC now owns 7,045 shares of the communications equipment provider’s stock valued at $443,000 after buying an additional 1,188 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in NetGear by 2.1% in the third quarter. Jupiter Asset Management Ltd. now owns 74,982 shares of the communications equipment provider’s stock valued at $4,705,000 after buying an additional 1,560 shares in the last quarter. Teachers Advisors LLC raised its stake in NetGear by 4.0% in the third quarter. Teachers Advisors LLC now owns 61,697 shares of the communications equipment provider’s stock valued at $3,878,000 after buying an additional 2,351 shares in the last quarter. Finally, Stone Ridge Asset Management LLC raised its stake in NetGear by 26.8% in the third quarter. Stone Ridge Asset Management LLC now owns 13,706 shares of the communications equipment provider’s stock valued at $861,000 after buying an additional 2,895 shares in the last quarter. Institutional investors own 99.99% of the company’s stock.

Several equities research analysts recently commented on the company. ValuEngine cut NetGear from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. BidaskClub raised NetGear from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Zacks Investment Research reaffirmed a “hold” rating on shares of NetGear in a report on Wednesday, November 14th. Finally, Cowen assumed coverage on NetGear in a report on Monday, October 1st. They issued a “hold” rating and a $63.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $71.00.

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About NetGear

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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