Netgear, Inc (NTGR) Files Form 4 Insider Selling : Michael A Werdann Sells 39,835 Shares

Netgear, Inc (NTGR): Michael A Werdann , SVP of Worldwide Sales of Netgear, Inc sold 39,835 shares on Apr 12, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $38.91 per share for a total value of $1,545,317.62 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.NetGear is Initiated by Sterne Agee CRT to Neutral. The Rating was issued on Apr 5, 2016.NetGear is Reiterated by Rosenblatt to Buy while Lowering the Price Target of the company shares to $ 42.50 from a previous price target of $47 . The Rating was issued on Feb 9, 2016.

Currently the company Insiders own 5.4% of NetGear shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -30.16%.Institutional Investors own 95.96% of NetGear shares.During last six month period, the net percent change held by insiders has seen a change of -17.9%.

Shares of NetGear (NTGR) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.05% at $39.01 with 1,06,041 shares getting traded. Post opening the session at $39.3, the shares hit an intraday low of $39 and an intraday high of $39.71 and the price vacillated in this range throughout the day. The company has a market cap of $1,265 M and the number of outstanding shares has been calculated to be 3,24,18,414 shares. The 52-week high of NetGear is $45.76 and the 52-week low is $28.12.

NetGear Money Flow Index Chart

NETGEAR Inc. is a global networking company. The Company’s product line consists of devices such as network attached storage Internet protocol security cameras and home automation devices and services. The Company’s 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.

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