Insider Selling: NETGEAR (NASDAQ:NTGR) Director Sells 2,047 Shares of Stock

NETGEAR, Inc. (NASDAQ:NTGR) Director Shravan Goli sold 2,047 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $29.95, for a total value of $61,307.65. Following the sale, the director directly owned 29,238 shares in the company, valued at $875,678.10. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shravan Goli also recently made the following trade(s):

• On Friday, August 22nd, Shravan Goli sold 11,757 shares of NETGEAR stock. The shares were sold at an average price of $26.11, for a total transaction of $306,975.27.

NETGEAR Stock Performance

Shares of NTGR opened at $33.74 on Thursday. The stock has a market capitalization of $978.80 million, a PE ratio of 15.62 and a beta of 1.09. The company’s fifty day moving average is $26.97 and its 200 day moving average is $26.85. NETGEAR, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $33.93.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, July 30th. The communications equipment provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.22. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. The business had revenue of $170.53 million during the quarter, compared to analyst estimates of $162.06 million. During the same quarter last year, the business earned ($0.74) earnings per share. NETGEAR’s quarterly revenue was up 18.5% compared to the same quarter last year. NETGEAR has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Institutional Trading of NETGEAR

A number of large investors have recently made changes to their positions in NTGR. Tenzing Global Management LLC grew its stake in NETGEAR by 100.0% in the first quarter. Tenzing Global Management LLC now owns 575,000 shares of the communications equipment provider’s stock worth $14,064,000 after purchasing an additional 287,500 shares in the last quarter. AYAL Capital Advisors Ltd grew its position in shares of NETGEAR by 177.8% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 250,002 shares of the communications equipment provider’s stock worth $7,268,000 after buying an additional 160,002 shares in the last quarter. Picton Mahoney Asset Management grew its position in shares of NETGEAR by 4,835.7% during the 1st quarter. Picton Mahoney Asset Management now owns 162,878 shares of the communications equipment provider’s stock worth $3,983,000 after buying an additional 159,578 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of NETGEAR by 16.5% during the first quarter. Acadian Asset Management LLC now owns 1,075,982 shares of the communications equipment provider’s stock valued at $26,303,000 after buying an additional 152,183 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in NETGEAR by 103.8% in the second quarter. Lazard Asset Management LLC now owns 292,645 shares of the communications equipment provider’s stock worth $8,506,000 after acquiring an additional 149,079 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stifel Nicolaus assumed coverage on NETGEAR in a research note on Friday, August 22nd. They set a “buy” rating and a $35.00 price objective on the stock. UBS Group set a $35.00 price target on NETGEAR in a report on Thursday, August 21st. Finally, Wall Street Zen lowered shares of NETGEAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $33.00.

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.