NETGEAR, Inc. (NASDAQ:NTGR) CRO Michael A. Werdann Sells 9,244 Shares of Stock

NETGEAR, Inc. (NASDAQ:NTGR) CRO Michael A. Werdann sold 9,244 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $12.15, for a total transaction of $112,314.60. Following the transaction, the executive now owns 79,668 shares in the company, valued at $967,966.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NETGEAR Price Performance

NASDAQ NTGR opened at $11.49 on Wednesday. The business’s fifty day moving average is $14.66 and its 200-day moving average is $14.11. The stock has a market capitalization of $334.01 million, a price-to-earnings ratio of -2.98 and a beta of 0.86. NETGEAR, Inc. has a one year low of $10.40 and a one year high of $15.93.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. NETGEAR had a negative net margin of 15.69% and a negative return on equity of 3.73%. The business had revenue of $188.67 million for the quarter, compared to analyst estimates of $185.14 million. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. The company’s revenue for the quarter was down 24.3% on a year-over-year basis. Research analysts expect that NETGEAR, Inc. will post -0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “neutral” rating and set a $13.00 target price on shares of NETGEAR in a research report on Thursday, May 2nd.

Institutional Investors Weigh In On NETGEAR

Several large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in NETGEAR by 121.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,842 shares of the communications equipment provider’s stock worth $99,000 after buying an additional 4,295 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in NETGEAR by 52.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,664 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 1,257 shares during the period. Assenagon Asset Management S.A. lifted its holdings in NETGEAR by 40.5% during the third quarter. Assenagon Asset Management S.A. now owns 281,678 shares of the communications equipment provider’s stock valued at $3,546,000 after purchasing an additional 81,200 shares during the last quarter. Jump Financial LLC boosted its position in NETGEAR by 124.2% during the third quarter. Jump Financial LLC now owns 75,557 shares of the communications equipment provider’s stock worth $951,000 after purchasing an additional 41,857 shares during the period. Finally, Barclays PLC raised its position in shares of NETGEAR by 84.5% in the third quarter. Barclays PLC now owns 26,351 shares of the communications equipment provider’s stock valued at $330,000 after purchasing an additional 12,068 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.