Netgear, Inc (NTGR) Files Form 4 Insider Selling : Patrick Cs Lo Sells 13,900 Shares

Netgear, Inc (NTGR): Patrick Cs Lo , Chairman and CEO of Netgear, Inc sold 13,900 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $41.70 per share for a total value of $579,684.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 29, 2016, Tamesa Rogers (SVP, Human Resources) sold 650 shares at $43.53 per share price.On Apr 29, 2016, A Timothy Godwin (director) sold 10,000 shares at $41.67 per share price.Also, On Apr 28, 2016, Michael F Falcon (SVP, Operations) sold 8,308 shares at $45.00 per share price.On Apr 28, 2016, Andrew Wonki Kim (SVP, Legal and Corp. Dev.) sold 42,117 shares at $44.00 per share price.

Shares of NetGear (NTGR) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.45 points or -1.06% at $41.95 with 3,21,472 shares getting traded. Post opening the session at $42.46, the shares hit an intraday low of $41.3 and an intraday high of $42.8999 and the price vacillated in this range throughout the day. The company has a market cap of $1,360 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

Company has been under the radar of several Street Analysts.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 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.

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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