NETGEAR, Inc. (NASDAQ:NTGR) CRO Sells $112,314.60 in Stock

NETGEAR, Inc. (NASDAQ:NTGR) CRO Michael A. Werdann sold 9,244 shares of NETGEAR stock in a transaction on Monday, May 6th. The shares were sold at an average price of $12.15, for a total value of $112,314.60. Following the completion of the transaction, the executive now owns 79,668 shares in the company, valued at $967,966.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

NETGEAR Price Performance

Shares of NTGR stock opened at $11.58 on Thursday. NETGEAR, Inc. has a 1-year low of $10.40 and a 1-year high of $15.93. The stock’s fifty day moving average price is $14.60 and its 200 day moving average price is $14.09. The company has a market cap of $336.63 million, a price-to-earnings ratio of -3.01 and a beta of 0.86.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. grew its stake in NETGEAR by 39.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 292,192 shares of the communications equipment provider’s stock valued at $4,260,000 after purchasing an additional 82,192 shares during the last quarter. Walleye Capital LLC grew its stake in NETGEAR by 279.2% during the 3rd quarter. Walleye Capital LLC now owns 151,718 shares of the communications equipment provider’s stock valued at $1,910,000 after purchasing an additional 111,713 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in NETGEAR by 15.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 659,460 shares of the communications equipment provider’s stock valued at $8,303,000 after purchasing an additional 86,937 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in NETGEAR by 66.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider’s stock valued at $5,540,000 after purchasing an additional 175,288 shares during the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in shares of NETGEAR by 38.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,465,808 shares of the communications equipment provider’s stock valued at $43,635,000 after buying an additional 967,537 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

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.