Key Points
- Pramod Badjate sold 3,000 shares of NETGEAR on Feb. 2 at an average price of $20.97 for $62,910, reducing his stake by 2.03% to 144,586 shares (≈$3.03M).
- NTGR was trading around $20.95, below its 50‑day ($23.87) and 200‑day ($26.94) moving averages, with a market cap of about $595 million and a 12‑month range of $18.75–$36.86.
- Analyst views are mixed (two Buys, one Hold, one Sell) leaving a consensus rating of Hold and a consensus target price of $37.33, while institutional investors own roughly 82.97% of the stock.
NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) insider Pramod Badjate sold 3,000 shares of NETGEAR stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $20.97, for a total value of $62,910.00. Following the transaction, the insider directly owned 144,586 shares in the company, valued at approximately $3,031,968.42. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Pramod Badjate also recently made the following trade(s):
- On Wednesday, November 19th, Pramod Badjate sold 4,000 shares of NETGEAR stock. The shares were sold at an average price of $24.60, for a total value of $98,400.00.
NETGEAR Trading Up 0.4%
Shares of NTGR opened at $20.95 on Wednesday. The company's 50 day simple moving average is $23.87 and its 200-day simple moving average is $26.94. The firm has a market cap of $594.98 million, a PE ratio of -23.02 and a beta of 1.15. NETGEAR, Inc. has a 12-month low of $18.75 and a 12-month high of $36.86.
Analyst Ratings Changes
NTGR has been the subject of several recent research reports. Zacks Research downgraded shares of NETGEAR from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 20th. Raymond James Financial lifted their target price on NETGEAR from $29.00 to $37.00 and gave the company an "outperform" rating in a research note on Thursday, October 30th. Wall Street Zen downgraded NETGEAR from a "hold" rating to a "sell" rating in a report on Saturday, January 17th. Stifel Nicolaus boosted their price objective on shares of NETGEAR from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, October 17th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of NETGEAR in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $37.33.
Get Our Latest Analysis on NETGEAR
Institutional Investors Weigh In On NETGEAR
A number of hedge funds and other institutional investors have recently bought and sold shares of NTGR. Comerica Bank grew its stake in shares of NETGEAR by 64.8% during the 3rd quarter. Comerica Bank now owns 1,091 shares of the communications equipment provider's stock worth $35,000 after purchasing an additional 429 shares during the period. FNY Investment Advisers LLC acquired a new position in NETGEAR during the second quarter worth about $58,000. Rexford Capital Inc. purchased a new position in NETGEAR in the second quarter valued at about $58,000. Jones Financial Companies Lllp lifted its position in shares of NETGEAR by 44.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,323 shares of the communications equipment provider's stock valued at $75,000 after acquiring an additional 718 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of NETGEAR by 35.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,475 shares of the communications equipment provider's stock worth $101,000 after acquiring an additional 904 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.
NETGEAR Company Profile
(
Get Free Report)
NETGEAR, Inc (NASDAQ: NTGR) is a global provider of networking solutions for consumer, business and service provider markets. The company designs, develops and markets a comprehensive portfolio of products that enable high-speed connectivity, data storage and network security for homes, small to medium-sized businesses and large enterprises.
Its product lineup includes Wi-Fi routers, mesh networking systems, cable modems, mobile broadband gateways and Ethernet switches—offered in both managed and unmanaged configurations.
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