Netgear, Inc (NTGR): Christine Marie Gorjanc , Chief Financial Officer of Netgear, Inc sold 7,329 shares on Jul 18, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $50.05 per share for a total value of $366,950.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 12, 2016, Michael A Werdann (SVP of Worldwide Sales) sold 1,348 shares at $49.54 per share price.On Jul 5, 2016, Andrew Wonki Kim (SVP, Legal and Corp. Dev.) sold 1,092 shares at $47.08 per share price.Also, On Jul 5, 2016, Michael F Falcon (SVP, Operations) sold 1,040 shares at $47.70 per share price.On Jul 1, 2016, Patrick Cs Lo (Chairman and CEO) sold 8,300 shares at $47.08 per share price.
NetGear: On Monday, Jul 18, 2016 heightened volatility was witnessed in NetGear which led to swings in the share price. The shares opened for trading at $49.75 and hit $50.27 on the upside , eventually ending the session at $49.6, with a gain of 0.20% or 0.1 points. The heightened volatility saw the trading volume jump to 1,89,021 shares. The 52-week high of the share price is $50.27 and the company has a market cap of $1,615 M . The 52-week low of the share price is at $28.12.
Company has been under the radar of several Street Analysts.NetGear is Downgraded by Rosenblatt to Neutral and the brokerage firm has set the Price Target at $47.50. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 12, 2016.NetGear is Initiated by Wunderlich to Buy and the brokerage firm has set the Price Target at $55. The Rating was issued on Jun 8, 2016.NetGear is Reiterated by Rosenblatt to Buy and the brokerage firm has raised the Price Target to $ 47.50 from a previous price target of $42.50 .The Rating was issued on Apr 28, 2016.
NETGEAR Inc. is a global networking company. The Companys product line consists of devices such as network attached storage Internet protocol security cameras and home automation devices and services. The Companys business is managed in three business segments: retail commercial and service provider. The retail business unit consists of home networking home video security storage and digital media products. The commercial business unit consists of business networking storage and security solutions. The service provider business unit consists of home networking hardware and software solutions as well as fourth-generation long term evolution hotspots sold to service providers. The Company has operations in Americas Europe Middle-East and Africa and Asia Pacific. It sells products through multiple sales channels including traditional retailers online retailers wholesale distributors direct market resellers value-added resellers and broadband service providers.